• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Most liked posts in thread: IGO - IGO Limited

  1. greggles

    greggles I'll be back!

    Posts:
    2,555
    Likes Received:
    1,467
    Joined:
    Jul 28, 2004
    Up one day, down the next.

    IGO announced today that its off-market takeover bid for Panoramic Resources Limited has now lapsed due to defeating conditions. IGO currently down 3% to $6.70 as a result.

    Still, it seems a fairly minor pothole on IGO's road forward. Peter Bradford, Managing Director and CEO of IGO stated: "IGO’s decision to allow the Offers to lapse reflects our disciplined approach to M&A and IGO will continue executing its growth strategy with a focus on returns and value creation for our shareholders."

    I reckon we'll see IGO continue to make some reasonable gains during 2020.
     
    barney and sptrawler like this.
  2. notting

    notting

    Posts:
    3,696
    Likes Received:
    315
    Joined:
    Oct 1, 2008
    Guess it's easy to sleep at night when it's other peoples money, shares off 10% on those magnificent figures.
     
    Miner likes this.
  3. greggles

    greggles I'll be back!

    Posts:
    2,555
    Likes Received:
    1,467
    Joined:
    Jul 28, 2004
    IGO has been on a nice run since the end of July when the company released its June 2017 Quarterly and a Mineral Resource Estimate and Exploration Update for its flagship Nova mine.

    $3 to $3.71 in a little over a month is good going. I missed this one but its on my watchlist now.
     
    Miner likes this.
  4. kennas

    kennas Searching

    Posts:
    15,109
    Likes Received:
    63
    Joined:
    Apr 21, 2006
    Had a good year. Mark Creasy looks to be doing pretty well out of this. Owns 15% of a $2.6b MC. Nice. They've got a lot of cash in the bank and not spending it all on exploration. Are they looking to buy anything else as a bolt on?
     
    Miner likes this.
  5. The Triangle

    The Triangle

    Posts:
    77
    Likes Received:
    55
    Joined:
    Feb 19, 2016
    Would be a good fit for them or Western Areas (But doubt they have the MC to taken them out - would need to be some form of merger). The share offer was not widely liked by PAN. I'm surprised that IGO has not put in a $/share combination offer like they did for Sirius. I think this saga is not over yet and that IGO will have another crack at PAN.
     
    sptrawler likes this.
  6. greggles

    greggles I'll be back!

    Posts:
    2,555
    Likes Received:
    1,467
    Joined:
    Jul 28, 2004
    IGO announced this morning that 1H20 metal production has beaten previous guidance. The share price has punched through resistance at around $6.60 and is currently at nine year highs at $6.97.
    screenshot-stocknessmonster.com-2020-01-08-11-04-18.png

    Outlook improving for IGO. Could see more gains here if their focus on delivering cost improvements and operational efficiencies proves successful.

    big.chart-IGO.gif
     
    barney likes this.
  7. barney

    barney

    Posts:
    3,697
    Likes Received:
    1,872
    Joined:
    Aug 17, 2006
    That is a serious gap up on Volume for a $4 Billion dollar Company:eek:
     
    greggles likes this.
  8. porkpie324

    porkpie324

    Posts:
    465
    Likes Received:
    0
    Joined:
    Aug 24, 2005
    Greggy, David Hazelhurst is one of my best sources of specky stocks to research, I have been following the 'speculator' for about 4 years now, I also read the article you mentioned on STB, hav'nt bought in yet but on my watch list. IGO has been one of my stand out performers, first bought in 2002 for about .30c they rose very quickly to over $1.00, I sold but have traded them regularly since, out of at the moment but have traded them lots using CFDs recently. porkpie
     
  9. greggy

    greggy

    Posts:
    1,315
    Likes Received:
    0
    Joined:
    Apr 18, 2006
    David Hazelhurst has a great track record and STB is very undervalued compared with other nickel stocks. IGO is a great stock and has been followed on and off by The Speculator.
    As always, do your own research before buying/selling.
     
  10. Kauri

    Kauri E/W Learner

    Posts:
    3,427
    Likes Received:
    7
    Joined:
    Sep 3, 2005
    IGO looks a little toppy for mine.Wouldn't be surprised to see a pullback to the trendline before moving on again. Will see how it reacts from the congestion area it seems to be building.
     

    Attached Files:

  11. greggy

    greggy

    Posts:
    1,315
    Likes Received:
    0
    Joined:
    Apr 18, 2006
    Nice chart. I feel however that momentum is running so strong in the nickel sector that new highs will be seen before any pull back. P.S. I don't own any IGO. Please do your own research before buying/selling.
     
  12. porkpie324

    porkpie324

    Posts:
    465
    Likes Received:
    0
    Joined:
    Aug 24, 2005
    Yes Kauri I have to agree with you on IGO, they looked a bit toppy to me early October so sold then only to watch them go north again. But I have been short term trading them using CFDs. IGO are not alone, other nickel miners are looking toppy but after such a strong run it is'nt suprising. porkpie
     
  13. Kauri

    Kauri E/W Learner

    Posts:
    3,427
    Likes Received:
    7
    Joined:
    Sep 3, 2005
    IGO with GP's AIM dll for AB.
     

    Attached Files:

  14. greggy

    greggy

    Posts:
    1,315
    Likes Received:
    0
    Joined:
    Apr 18, 2006
    Hi Kauri,

    You have thus far proved me wrong. You are indeed a master of charting.
    Thanks.
     
  15. porkpie324

    porkpie324

    Posts:
    465
    Likes Received:
    0
    Joined:
    Aug 24, 2005
    IGO have been under some pressure and have failed to rally with other nickel miners, ie MCR, SMY, so I think perhaps maybe next week could be an oppotunity to buy in again, just watch the quotes. porkpie
     
  16. greggy

    greggy

    Posts:
    1,315
    Likes Received:
    0
    Joined:
    Apr 18, 2006
    I like IGO, but I'll watch and wait.
    Thanks for your comments.
     
  17. Kauri

    Kauri E/W Learner

    Posts:
    3,427
    Likes Received:
    7
    Joined:
    Sep 3, 2005
    IGO looks interesting again..
     
  18. Kauri

    Kauri E/W Learner

    Posts:
    3,427
    Likes Received:
    7
    Joined:
    Sep 3, 2005
    IGO at an interesting stage, retraced 50% and close to the T/L before closing strongly in the top quartile of its daily range, finished with 2x normal vol, and the (5000+ blocks) buyers stepped up to the offer late in the day (green vol) as opposed to the sellers meeting the buyers early on (red vol).
    Will watch for an entry tomorrow if exceeds todays high on positive and strong vol.
     

    Attached Files:

  19. porkpie324

    porkpie324

    Posts:
    465
    Likes Received:
    0
    Joined:
    Aug 24, 2005
    I'm looking at IGO again after recect weakness, kauri I like that market action you posted where do you get it, porkpie