IGO 0.73% $6.91 igo limited

NIC NO WAY NIC is a chinese breakeven play on Ni in Indo listed...

  1. 9,724 Posts.
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    NIC NO WAY
    NIC is a chinese breakeven play on Ni in Indo listed on ASX bizarrely to pilfer western capital for china & the CCP imho
    100% of all its offtake goes to china
    98% of its workers are Indo muslim slave labour with horrid death history

    NIC major holder is Tsingshan and its CEO BIG SHOT has been SHORTING the LME NP for a decade.
    100% of its management is chinese and members of the CCP beholden to BIG SHOT
    NIC makes small profits but the chinese make fortunes on the offtake & management salaries

    IGO dodged a bullet avoiding NIC imho

    IGO should stay local, look for underdeveloped Li Ni plays here in WA imho.
    This has been its winning strategy last 10 years with SIR WSA & PAN bid in 2019.
    By December IGO will have NO DEBT & $400M cash at bank
    It can use that cash power to BUY & do JVs

    PAN is an obvious prior target that is now on the selling block by its administrators FTI
    IGO has $45M cash in PAN paper scrip which it will lose if anyone else takes PAN
    PAN has +$50M cash at bank the Federal court just decided was not for Trafigura to steal
    PAN & IGO both have Trafigura offtake deals
    PAN has a large 1.5MTpa MILL
    IGO tenements surround PANs,
    IGO can rollover the trafigura debt $50M into its own offtake for Nova FF & pay $100M cash for PAN easy.
    Nova grades have dropped from 2.3% to 1.9% to 1.5% but still producing way beyond LOM targets and sooner or later IGO will need a new NI mine to produce from as cosmos & FF were both shuttered.
    Synergies galore with PAN & POS imho.

    IGO is building a large cash warchest now for acquisitions imho buddy.

    NO i dont own PAN or IGO at all. I own POS.

    Creasy is the Nickel KING now.
    He will know when to move on these, if not in works SECRETLY already imho.

    IGO is priced way too low here. Should be double this SP imho.
 
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