igo, page-4

Swap,
Great company as are WSA, MCR, PAN and MRE. Couldn't complain about the management in any of them, just that they all went up with PON and are coming down with the PON. WSA is now starting to move down as the PON low consolidates. None have dramatically improved with discoveries. So the DJIA and PON dictate. If you look at other threads you see the cost/tnne is reflected in the price down (except i think MCR is holding high and IGO is too low). With financials hitting the skids again this will hit the world market and the future expectations of a recovery, coupled with China's statement regarding lower Ni production (?). In short the outlook for a turn around is poor. Either PON or DJIA need to go up, if both the better if one only consolidation, neither then IGO will go the way of MRE (as will all Ni stock short term)