- Joined
- 8 March 2007
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I give up!IGO reporting tomorrow. I've sold my positions in IGO before it reports as another selloff would annoy me. I suffered with the write-down of the nickel assets and there may be more selling if rising costs are a problem. This reporting season has resulted in too many share selloffs for me. I've been hit with a few.
I like the outlook for IGO but will wait until after this report to re-buy.
Noticing that there are a rising number of reports of concerns due to ESG, indigenous heritage issues, political, industrial reforms, and union input. Why would anyone invest in major projects with all this uncertainty?
dropping more would tempt me to look hard at it againWHat is happening ?? Still dropping ....
Surely a potential good long term buy at this price, even for a possible takeover ?
Gunnerguy
@peter2 - I'm just revisiting the IGO thread after a while after getting disenchanting nickel prices and performances of nickel miners with some old darlings like IGO.IGO reporting tomorrow. I've sold my positions in IGO before it reports as another selloff would annoy me. I suffered with the write-down of the nickel assets and there may be more selling if rising costs are a problem. This reporting season has resulted in too many share selloffs for me. I've been hit with a few.
I like the outlook for IGO but will wait until after this report to re-buy.
Noticing that there are a rising number of reports of concerns due to ESG, indigenous heritage issues, political, industrial reforms, and union input. Why would anyone invest in major projects with all this uncertainty?
What's stopping price from going lower, to the 4.00 level?
MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER – IVAN VELLA
IGO Limited (ASX: IGO) (IGO or the Company) is pleased to confirm that Ivan Vella will commence as IGO’s Managing Director and Chief Executive Officer on 11 December 2023.
Following recent media reports, the Board conducted a review of the facts relating to Ivan’s departure from Rio Tinto including discussions with Ivan and confirmation of these facts with Rio Tinto.
Through this review, we understand that during his handover process not all appropriate procedure was followed in relation to confidential information under his control and Ivan has accepted accountability for this policy breach.
Based on what is known, no information was compromised as a result of his actions. IGO’s Chair, Michael Nossal, commented: “Throughout the recruitment process, the Board was highly impressed by the alignment of Ivan’s values with those of IGO, and his proven track record as a corporate leader.
Upon reviewing the full circumstances of this recent situation, the Board continues to have confidence in Ivan’s character, integrity and professionalism.
We are excited to have Ivan join us in the coming weeks and look forward to him leading IGO into its next phase of growth and transformation.” IGO’s incoming Managing Director and Chief Executive Officer, Ivan Vella, commented: “I regret the events that led to my early departure from Rio Tinto but, having been passionately dedicated to Rio Tinto for over 20 years of my life, I can confirm that there was no mal-intent.
I am now very excited to be joining the IGO team and working together to deliver the full potential of IGO’s purpose.”
This announcement is authorised for release to the ASX by the IGO Board of Directors.
i hold IGO having bought in recently
am no RIO fan , am liable to be additionally cautious in my top-up activities
Not happy that exactly what this guy did at RIO has been withheld
cheersFingers crossed eight bucks hold. Otherwise we're looking at $6.30 ish. Yikes...
What a time to be in Ni and Li.
View attachment 167052
Fingers crossed eight bucks holds. Otherwise we're looking at $6.30 ish. Yikes...
What a time to be in Ni and Li.
buy more IGO , yes but would rather for $6 ( or even $5 ) than $8It's a funny time for battery materials, everyone wants batteries, but everyone has run out of money. Inflation does that.
IMO just another time in history to put them in the bottom draw and pick up more when the bottom hits, it isn't as though the demand has dropped, or the underlying driver has changed, it's just that nobody wants to throw away money anymore.
My guess is China tightens up on battery supply, to outside of China, until everyone that wants them that badly they have to start and think about paying good money for them.
Meanwhile China picks up the Australian producers when their share price tanks on low demand, China plays the long game, we play the smug game while we are being towelled.
It would be funny, if it didn't keep happening over and over.
Will Tianqi/ China, get to do a Kerry Packer/Allan Bond on IGO?
You never know, Albo and Penny might be able to avert a takeover of our lithium and nickel producers? Yea /Nah.
They have way too many other fires they are trying to put out, immigration, inflation, house prices, before the election.
It's a funny time for battery materials, everyone wants batteries, but everyone has run out of money. Inflation does that.
IMO just another time in history to put them in the bottom draw and pick up more when the bottom hits, it isn't as though the demand has dropped, or the underlying driver has changed, it's just that nobody wants to throw away money anymore.
My guess is China tightens up on battery supply, to outside of China, until everyone that wants them that badly they have to start and think about paying good money for them.
Meanwhile China picks up the Australian producers when their share price tanks on low demand, China plays the long game, we play the smug game while we are being towelled.
It would be funny, if it didn't keep happening over and over.
Will Tianqi/ China, get to do a Kerry Packer/Allan Bond on IGO?
You never know, Albo and Penny might be able to avert a takeover of our lithium and nickel producers? Yea /Nah.
They have way too many other fires they are trying to put out, immigration, inflation, house prices, before the election.
I definitely think the Chinese are just going to pick IGO up for nothing, the Australian Govt asleep at the wheel yet again, the problem with Canberra is we just keep selling the house to feed the poor.I have too many things in the bottom draw at the moment. I fear we are seeing another wasted decade. My investment horizon has recently changed from 5 years to 15.
I will probably be dead by then, so the nephews and nieces will have to deal with the trash I have bought over the past 2 years.
I will leave IGO to the youngest.
IGO shares looks likely to continue falling.
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