What ever happened to Ausbil., page-3

You don't understand it, but are touting a rights issue as a given?

Go figure.

Yes...shorters are busily at work.

If you did do some research, you will see....

They have had enough cash and revenue to continue paying for the Nova development from their own pockets.

They have plenty in unused loan facilities that could have been used for the Nova development and is still available if needed.

They should reach nameplate at Nova in September.

They have completed a number of efficiency and resource upgrades/improvements on their other projects.

Gold prices have been holding relatively steady. Nickel prices are in for a runner given the Phillipines situation and the massive increase in demand for Ni expected as Li batteries begin to take over. It is already well off its lows.

IGO will be an absolute cash cow over the next decade.

They also have numerous drill programs/targets with which to spark higher share prices.

$3 will be seen as a massive bargain with hindsight.

By the way...My sentiment is not held, only because I'm busily trading some of the bounces to help lower my overall average, but will hold a reasonable parcel once an uptrend has been established, probably sometime around late Sept to early October.

Milesy