Webbie,
I just looking through my portfolio and IGO would be the most impacted by a RRT.
However at just over $4, with cash plus R of $1.27 ps, earning 20cps NPAT from Long, Tropicana and the exploration it indeed looks cheap to me also.
I am guessing the north east holes at Tropicana hold multi-million ounce gross potential? if indeed they are successful?
I am not sure about the March quarter as we are already 1/3 of the way through it, but I am picking the June quarter as likely to have one or more pleasant surprises, with more in the July Q. We just seem to be on the cusp of decisive news on so many fronts.
Copper and oil were down, and margin calls probably aplenty on Monday. A lot of other capitulation likely as memories of 08 haunt many who returned to the market in the last 6 months. Without a trigger for a rebound the falling seems to be selffueling atm imho, so I am not prepared to dismiss falling sub $4.
EL
profit guidance, page-7
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Last
$5.68 |
Change
0.230(4.22%) |
Mkt cap ! $4.301B | |||
| Open | High | Low | Value | Volume |
| $5.64 | $5.76 | $5.53 | $28.11M | 4.968M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 307 | $5.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.68 | 67750 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IGO (ASX) Chart |