This is my first post on IGO.
There appears some IGO pessimism from prior management actions.
Also several brokers reports tip IGO's value to drop significantly.
A view exists that the global hedge funds did short IGO & WSA as proxies for expected nickel price declines.
However the nickel price appears to be climbing - see second attachment.
And IGO's gold operations are starting to perform.
And the shorting on IGO is in (slight) decline - see first attachment.
Is there still a cloud hanging over IGO?
- Potential for management to squander?
- Hedge funds manipulating the price during their unwind?
Happy New Year!
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- Nickel price on rise but IGO still heavily-shorted
This is my first post on IGO. There appears some IGO pessimism...
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Last
$5.76 |
Change
0.055(0.96%) |
Mkt cap ! $4.316B |
Open | High | Low | Value | Volume |
$5.75 | $5.78 | $5.71 | $727.4K | 126.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3370 | $5.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.76 | 988 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 4999 | 5.730 |
11 | 22961 | 5.720 |
6 | 4899 | 5.710 |
14 | 12364 | 5.700 |
7 | 10123 | 5.690 |
Price($) | Vol. | No. |
---|---|---|
5.740 | 3526 | 10 |
5.750 | 4510 | 8 |
5.760 | 3719 | 9 |
5.770 | 4924 | 6 |
5.780 | 4893 | 6 |
Last trade - 10.10am 09/07/2024 (20 minute delay) ? |
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IGO (ASX) Chart |