some of you may be interested to see what I put up on the STT...

some of you may be interested to see what I put up on the STT thread this morning.



STTCOMP IGO, FA LONG
Independence Group
Market Cap: $3B
Share price: $5.20
Debt:$141M
Cash: $36M

About IGO:
IGO is a diversified miner with 4 mines in Australia extracting nickel, copper, zinc, gold, silver, cobalt.

Upcoming catalysts:
Sudden rise in nickel prices (8%) & zinc prices last week enabling debt to be repaid quicker.
Increasingly positive market sentiment towards battery/EV related metals; copper, nickel….
Nova mine recently commissioned (flagship mine) so I expect good productivity last quarter. Report due Wednesday.
Short positions @ 16.77% (ref shortman), which I believe to be too high & dangerous (for shorters) considering the changing market sentiment scenario.
I believe that bigger “money” will move into the mid & larger cap ASX mining stocks searching for producers, not drillers.
M&A activity has been unduly quiet of late, and with the big miners cashed up, who knows!

Comment:
thanks all for the feedback. yes, I meant LONG.
sorry if you are only interested in ultra-spekkies, but a bit of balance can do some good in your portfolio, just like salad with your steak.
With chart below.
Cheers. GLTA