If you look at the chart, this stock is amazing for gamblers. It...

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dmaivn

1,238 Posts.

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23/11/23

17:54

Post #: 71075205
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Originally posted by stuman: ↑

well F#*k me.
I knew there would be a retrace today after yesterdays rise but not to the extent that we would lose all of the previous days gains!

I still believe in the long term story, but I probably need to stop watching the daily share price, it's fricken killin me.

It pains me to say it but I tend to agree with Private, this reeks of Insto selling or dumping more like it.
Until they are finished unloading I fear we will continue on our downward trajectory.
But on the flip side, for every seller there has been a buyer.

not great news for PAN, Nickel price is killin a lot of producers.
In hindsight, we could have picked up WSA for a fraction of what we paid.
reading the chairmans address today, I like how they admitted their mistake, and are implementing policies to ensure there is not a repeat of that in the future.
The WSA impairment, low nickel price, softening lithium market, all together have caused IGO share price to weaken.

I would think we are close to the bottom.

2024...perhaps the year that IGO gets it shit together.

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If you look at the chart, this stock is amazing for gamblers. It could go up 50% - 80% from the low after 6-12 months. It is paying dividends at around 6.7%! So, you can park money in it to get dividends and might get a 60% return on the stock price. Short sellers are wreaking havoc when there is any bad news. So, one must keep cool and buy more and even buy more when it starts to recover ... This is a classic play and if one is scared, don't even try. You need capital to play this kind of stock.

IGO Price at posting: $8.70 Sentiment: Hold Disclosure: Held
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0 Great analysis

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