We recently reduced our position in nickel & lithium company IGO from 5% to 3% and if anything we are still more of a seller of strength than a buyer of weakness. This company has evolved impressively since the acquisition of Western Areas (WSA) & deal with Tianqi Lithium but after its more than 5-fold appreciation post-Covid, there’s clearly a lot of good news built into the stock.
- We are not planning on increasing our 3% position in IGO at this stage.
MM is long and mildly bullish on IGO
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