IGO should not be at $12, this is hopeless ramping (as you used to carry on over on the PAN threads too, “way oversold” etc). The lithium price they’re going to achieve for the next few quarters is likely to start with US$1,XXX so at those levels if you work out the actual cashflow, it’s still trading at quite a high multiple.
The nickel business is a zero (if not a negative drag) so this is going to be completely captive to the lithium price, and what Tianqi determine to do with sales demand.
IGO should not be at $12, this is hopeless ramping (as you used...
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$5.21 |
Change
0.010(0.19%) |
Mkt cap ! $3.945B | |||
| Open | High | Low | Value | Volume |
| $5.11 | $5.30 | $5.11 | $33.75M | 6.499M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5241 | $5.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $5.22 | 18702 | 4 |
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| IGO (ASX) Chart |