Whhhaaaahhhhh,
the baby is crying, the mother is busting our ears, the dongas hot n sweaty, phhheewwww, in comes uncle IGO and takes the baby away with a golden handshake.
dont argue take the money and run like hell, run like you stole it!
IGO is now more exposed to the low NP and that massive $120Mpa cash losses pa maybe higher, there is no respite. A dropping IGO SP will drop the SIR SP, the payoff n AGM cant come soon enough, sure IGO maybe cheap when its $2
.00 in 2017 maybe a good time to buy then once the planned mine is actually built n production is actually arriving, thats when its profits and allegedly low aisc may help its topline statement.
I would congratulate those sir holders & instos who went 5c to $5 $4 and sold out.
Look at ANL 10c to $4.50 then to $2 when glencore took shares, then what? To 0 n couldnt pay its own debt, sold to glencore by creditors for nothing. This is unlikely to happen to igo but the sir deal will hit its cashflow n profits for next 2 years. Once the dust settles it maybe time to profiteer in rising sp, profits n income assuming it goes according to plan by 2017. If np drops in 2017 when those 30 chinese mills start producing in indonesia then watch out.
If you want np rise exposure there are plenty of dirt cheap candidates out there now, jason stevenson has outlined them, if jpm is selling down then thatsthe start of the glorified bankers darling exit plan, once the bankers darling, its bankers cashup time for even them.
5c to $4 take the money n run.it wont last, the wet dream is now a rude awakening.
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