SP rebounded from bi-annual lows to 8.00 today a 2 wave W chart...

SP rebounded from bi-annual lows to 8.00

today a 2 wave W chart closing near daily highs
daily lows were twice reversed.
BULLISH pattern BULLISH close

$280M cash at bank
lower debt lower divvy higher costs
NI & LI production very stable about 5% lower average guidance which is nothing really
Clearly Nova is pumping well and still producing despite MCR/Wyloo(AF), PAN, WSA(IGO FF/Cosmos), POS, Ravensthorpe (FQM/POSCO) all shuttering or staying shuttered.

NP actually rebounded up to $7.77 uslb today so Nova Ni mine is way profitable still and producing as before despite lower resources left

IGO sniffing around PAN or POS acquisitions,
it has $45M cash invested in PAN paper which is in administration now and it bid for PAN in 2019 for 47c now 3.5c LOL
POS has mass assets mines mills at low capex and even cheaper right now 0.7c

IGO should bid for one of these likely PAN imho
This will give IGO the edge over BHP imho.
WSA purchase for $1.2B proven a disaster for IGO but I did warn them of this last year SPOT ON.
For that price IGO could have bought PAN MCR POS combined at way higher production and assets.

IGO should be way higher, around 14 still not 8 imho.