I follow the warren buffett approach
would you be happy to own a stock if the stock market shut down for three years
the answer with IGO is YES!
I'm buying with a 5 year view
as for the big guys they haven't a clue. these are the guys who brought us this disaster, why listen to them? It comes down to the market pe. it is quite possible the market will revert to a pe of 6 to 8. that means the all ord drops to 3000. large caps could continue to decline for two years. menawhile IGO is making cash hand over fist .
there is no precedent for waht is happening now. Its every man for himself. I bought $15,000 of silver bars two days ago from the Perth Mint for a good reason.
cash backing plus gold project, page-4
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Last
$5.28 |
Change
0.250(4.97%) |
Mkt cap ! $3.998B | |||
| Open | High | Low | Value | Volume |
| $4.96 | $5.36 | $4.96 | $19.23M | 3.708M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7640 | $5.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.29 | 2250 | 2 |
View Market Depth
| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |