IGO 1.05% $5.66 igo limited

Eerily quiet here. What is happening with this company?, page-7

  1. 15,545 Posts.
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    In a nutshell Two major divisions historically.
    Nickel from Nova- Bollinger say 60% of cash flow and Gold for a 30% interest in Tropicana. Both in the Frazer belt of SE WA.
    They have just done (completing) a deal to buy 49% interest of Tranquil's Lithium Hydroxide and carbonate production in Kwinana and MIne ( 50%) in Greenbushes WA. That being size the case they have announced a decision to divet the gold production specifics to be announced imminently (say end March).

    I expect that should leave them around 65% from Li and 35% from Ni. They have a relatively aggressive exploration program to both replace and expand Ni production.
    Key to IGO is very high-quality management in all facets. That IMVHO apart from OZL make them the only mid-tier resource companies with credentials to meet aspirations to join the top Tier (BHP & RIO).

    All IMVHO but I was around when they started in Say 2002 and have watched them invested in parallel (and sometimes inside) since.

    i.e. Wish it was my only mining investment over that time.



    Last edited by arsenic: 05/03/21
 
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