IGO under attack, with 50% less valuable than it was 4 months ago and abdolute silence from those with their head in the IGO feed bag. Nothing! I must admit I was expecting at least a response or a plan or explanation, by the board abiutvthis catastrophic financial boodbath. It’s is the biggest loss of market capitalization of an ASX company in a decade in a4 month period and just silence. Just nothing but a deafening silence. Reminds me of ten people in a room trying to exit an emergency doorway at the same time. What’s next? “ it is with great regret I must resign my board position, as want need to spend more time with my family” usually their “modus operandi”. If $8 per share does not tickle the idea for a share buyback, the directors are saying, “ without saying” IGO in their opinion” IS NOT WIRTB EVEN $8.00 PER SHARE. That’s the reality of the situation unfortunately. Put simply I really don’t think this board knows what to do. Simply frozen. If a buyback of shares is not on the table with a 50% drop in market cap in 4 months, and a massive buyback opportunity not on the table, then seriously I think we need a new board, so they can all go home to their families. Seems now IGO now a ship without a rudder. The board maybe great at what they do in managing a mining company but to me and some corporate street wise friends say they “ IGO board” have no strategy as to handle this great opportunity. A little bit like Joe Biden. Like a rabbit m, Stuck in the headlights with nowhere to run. Sad that a guy built this company from the pits and hand it to a board like this.
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Last
$5.66 |
Change
-0.060(1.05%) |
Mkt cap ! $4.286B |
Open | High | Low | Value | Volume |
$5.70 | $5.70 | $5.50 | $18.23M | 3.250M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 6610 | $5.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.66 | 46875 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 6610 | 5.620 |
1 | 17802 | 5.610 |
5 | 82562 | 5.600 |
1 | 17802 | 5.590 |
3 | 30468 | 5.580 |
Price($) | Vol. | No. |
---|---|---|
5.660 | 46875 | 3 |
5.670 | 1800 | 1 |
5.680 | 3800 | 1 |
5.690 | 79673 | 6 |
5.700 | 21802 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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