We live in interesting times. I'm a big believer in buy backs if companies are unable to find alternative uses for their money, and I'd rather IGO did that than overpay for a junior in the current market, or paid out a negligible dividend, if I wanted cash I could get a better return in the bank.
I don't think we'll see it here until the price is sub $7, which could be months or weeks away. If it does keep dropping it could present a fantastic buying opportunity before the inevitable swing in commodity prices and results feeding through from next year's exploration efforts.
Mentalist123, page-4
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Last
$5.56 |
Change
0.020(0.36%) |
Mkt cap ! $4.210B | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.56 | $5.44 | $20.38M | 3.677M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11063 | $5.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.57 | 15073 | 4 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| IGO (ASX) Chart |