re: $1.30 Hi, IGO is essentially an illiquid stock and can really move if people suddenly decide they want to get in. ALso there is just not too many shares on issue and as IGO have a few things happening on the exploration front (at Long and elsewhere) they could really move on any success. I say this because of experience in holding IGO during the 2003 bull run.
The market cap of IGO is strange considering they will make 25-30cps net profit in 05. Yes reserves are an issue but if you are making that much cash, you can buy reserves!
Will do well this year IGO, I believe.
looks goodly, page-7
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Last
$5.91 |
Change
0.040(0.68%) |
Mkt cap ! $4.475B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.96 | $5.66 | $26.30M | 4.370M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $5.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.91 | 25828 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |