They refinanced to build the facility to to process the chemicals right here in Australia instead of sending the rocks to China for processing at a really low price. That will enhance the profit in the future by selling a higher grade product. Surely, they are not stupid in investing in something that the Chinese had done for the last 20 years and beat everyone else in the world in batteries because they put in that high value investment.
Other miners who only dig the rocks will fold and sell their assets to the ones who survive. IGO is in a great position to buy the these assets when the right time comes.
They refinanced to build the facility to to process the...
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$5.69 |
Change
0.110(1.97%) |
Mkt cap ! $4.308B | |||
| Open | High | Low | Value | Volume |
| $5.63 | $5.77 | $5.62 | $31.05M | 5.451M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2145 | $5.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.70 | 43298 | 3 |
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| IGO (ASX) Chart |