EL, could be the wrong time to give up on nickel. As for the "next acquisition", don't be so sure they will make one. Acquisition is a dirty word in the mining space right now, it's all about capital discipline, organic growth and dividends now. IGO has made it pretty clear that they are targeting growth via exploration and farm-ins, not acquisition. $50mill is nothing to be sneezed at.
As for the Li-ion EV revolution, it's happening, and there is little anyone can do to stop it. It's reached a tipping point and Li-ion is the technology of the next 10+ years. battery chemistry is evolving to incorporate more nickel, not less. But it's class 1, high purity they need, not class 2 pig nickel. Hopefully, the met testing for nickel sulphate production comes back ok. Demand will really start to kick in post-2020, and few people are building large nickel mines right now. CLQ will get Sunrise into production by mid/late 2020 hopefully.
I've tried to paint a picture below with slides from CLQ and PLS.
Nickel will go higher, just a matter of time. i.e will it be 2018 or 2020-2025?
All commodities will benefit from the bear market for the USD.
- Forums
- ASX - By Stock
- IGO
- Resistance at $5.23
Resistance at $5.23, page-6
-
-
- There are more pages in this discussion • 56 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
(20min delay)
|
|||||
Last
$5.42 |
Change
0.110(2.07%) |
Mkt cap ! $4.070B |
Open | High | Low | Value | Volume |
$5.38 | $5.45 | $5.30 | $8.397M | 1.564M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 9469 | $5.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.43 | 6285 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 8419 | 5.420 |
15 | 12781 | 5.410 |
16 | 16587 | 5.400 |
10 | 11073 | 5.390 |
11 | 10399 | 5.380 |
Price($) | Vol. | No. |
---|---|---|
5.430 | 5508 | 15 |
5.440 | 17979 | 18 |
5.450 | 51844 | 16 |
5.460 | 23928 | 12 |
5.470 | 32437 | 9 |
Last trade - 13.21pm 21/10/2024 (20 minute delay) ? |
Featured News
IGO (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online