IGO 1.71% $5.18 igo limited

looks like the bottom is IN 7.00 was the bottom so far. solid...

  1. 9,963 Posts.
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    looks like the bottom is IN
    7.00 was the bottom so far.
    solid straight line rebound out from there toward 8.00

    today a bullish green candle with long neck at 7.75
    NP UP 5% last week, Nova still producing at profits, costs cut with C&M for FF/cosmos as expected
    LiP UP also
    Li news update BULLISH, production stable, pricing mechanism agreed and still profitable.
    $800M cash at bank and low debt with mass projects on the go, does the market even realise this?

    compare liontown to this with actual production mines mills, a 2.5 ratio difference
    $5.7B v 2.3B
    either LTR is way overpriced or IGO is way way underpriced (the latter im calling)
    difference should be 10-1 ie IGO should be at 12-14 imho

    expect INSTOs to pick up the pace on the retrace V WHIPSAW rebound toward 12-14 imho
    WAY OVERSOLD imho
    Last edited by tomboy: 29/01/24
 
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