IGO 2.85% $6.31 igo limited

a new 5 month high here My call SPOT ON here so far. EL lost in...

  1. 9,737 Posts.
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    a new 5 month high here
    My call SPOT ON here so far.
    EL lost in space again.

    LiP UP
    NP now $9,77, at 9 month HIGH
    production stable margins strong, FCF flowing, $805M Cash going to $1,000M cash (ex debt)
    Soon around July the hunting trail on acquisitions using large CASH AT BANK

    "30 Oct 2023 — IGO Cash on hand at the end of the Quarter totalled $804.5M (4Q23: $775.2M) with the Company in a net cash position of $444.5M (4Q23: $415.2M) ..."

    WHAT to do with all that CASH wonders Creasy & the CEO ?!
    Get good Li Ni assets cheap before they quadruple in price again.

    IGO should be 14.00 imho
    Last edited by tomboy: 20/05/24
 
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