You can gild the lilly as you like, but fact is you were talking exuberantly, waxing lyrical, about IGO up to near $15, and now since you’ve sold you are crushingly negative, even as the sp is 20% cheaper.
So what else that you have mentioned has changed since then? As the increase in the WSA offer represents a small fraction of that 20% it doesn’t cut it as the reason. As I said you’d have to be innumerate to swallow that.
IGO’s big risk imo is that it will grossly overpay for a large asset after it fails to get WSA. Although it appears they got the lithium right this has consistently been my fear since the SIR debacle when I was a holder.
EL
IGO STRONG FINISH FRIDAY, page-21
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Last
$5.80 |
Change
0.100(1.75%) |
Mkt cap ! $4.392B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.85 | $5.71 | $13.86M | 2.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22758 | $5.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.80 | 12207 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |