I have been a fan of IGO for a few years but sold half my holding at $8.50 and looking to buy back again. I haven't seen the Deutsche report but it does force a sober review of IGO.
Q3 PAT was around $9m at an average nickel price of around $A32,000 per tonne. Current Nickel price is under $A21,000 a tonne.
At these levels PAT next year could be under $30m (25c a share)so without Tropicana they are probably a $2 stock!
So what is IGO's share of Tropicana worth? As IGO has already stated no news on Tropicana will come out until at least August the quarterly could be a shocker.
In this market I will look at buying some at under $3 a share
- Forums
- ASX - By Stock
- IGO
- reality check
reality check
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGO (ASX) to my watchlist
|
|||||
Last
$5.70 |
Change
0.070(1.24%) |
Mkt cap ! $4.316B |
Open | High | Low | Value | Volume |
$5.68 | $5.78 | $5.63 | $12.90M | 2.260M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 39401 | $5.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.70 | 11762 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 5.680 |
4 | 10425 | 5.660 |
2 | 46878 | 5.650 |
3 | 25999 | 5.640 |
2 | 15597 | 5.630 |
Price($) | Vol. | No. |
---|---|---|
5.700 | 11762 | 3 |
5.710 | 20822 | 5 |
5.720 | 51102 | 2 |
5.730 | 16897 | 1 |
5.770 | 397 | 2 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
IGO (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online