Jg,
Yes, nearly half right.
With all the uncertainty and volatility in commodities, IGO whilst not an ultralow cost producer should be a bit more stable than is has been:
*Half cash as you say
*Low cost, perhaps by $2/lb over MCR
*40% of FY09 payable nickel hedged.
*Gold upside priced at zilch atm.
Not sure why they have refrained from more buying back, I'd actually like to see them double the buyback. Take most of the loose script off the market, and a better investment for IGO than cash.
EL
suprised so weak, page-6
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Last
$5.47 |
Change
0.040(0.74%) |
Mkt cap ! $4.142B | |||
| Open | High | Low | Value | Volume |
| $5.46 | $5.54 | $5.37 | $13.24M | 2.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5403 | $5.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.50 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| IGO (ASX) Chart |