State one issued a comprehensive nickel shares report today.
2 stocks had a BUY recommendation...and of course, one of them was IGO.
The other was MCR.
The most impressive point was that IGO had the LOWEST cash production costs in the sector for the March quarter, in fact 10% lower than the next closest, being JBM.
Good to see State One put a SELL on SHN and AVOID on JRV as well...since they are POSs.
Todays corporate briefing was also interesting...one point of note was B's comments on MRX. The comments would suggest that IGO is in no rush to make a 'final decision' on MRX...ie either to take it out or sell out.
Obviously the other encouraging comments was in regards to possible minelife extensions...which probably fueled the SP (though nickel price strength probly had a bit to do with it too).
Cdchi1
state one nickel report
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Last
$5.08 |
Change
0.110(2.21%) |
Mkt cap ! $3.846B | |||
| Open | High | Low | Value | Volume |
| $5.14 | $5.16 | $5.00 | $31.37M | 5.875M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13342 | $5.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.09 | 503 | 2 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| IGO (ASX) Chart |