16/04/2024 09:27

IGO Ltd (IGO) $7.68

Lithium and nickel miner IGO has been under pressure over the last 18-months due to depressed lithium prices and a weak nickel price as Indonesia continues to flood the market with its cheap “dirty” metal. We can still see IGO trading between $6 and $9 over the next 12-months, but it is almost in the middle of this range today, delivering little in the way of risk/reward.

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05/04/2024 09:04

IGO Ltd (IGO) $7.29

Lithium and nickel miner IGO is under pressure on two fronts: the much-discussed depressed lithium price and a plunging nickel price as Indonesia continues to flood the market with its cheap “dirty” metal. We can see IGO trading between $6 and $9 over the next 12-months; it's almost smack in the middle of the range today!

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19/03/2024 09:04

IGO Ltd (IGO) $7.64

Nickel and lithium business IGO has been in the crosshairs of the ESG unwind over the last 12-18 months, but we believe the correction is maturing fast, and may well be over. We cannot ignore the entrenched downtrend, but we can see a squeeze higher by IGO and its peers, which are heavily shorted, over the coming months.

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31/01/2024 16:57

IGO limited (IGO) $7.56

IGO -2.2%: The Nickel/Lithium company was out with a wide-ranging announcement this morning centred on their Nickel business which is grappling with cheap Indonesian supply hitting an oversupplied market, complicated further by operational issues that have plagued the assets purchased during the takeover of Western Areas.

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23/01/2024 09:35

IGO Ltd (IGO) $7.02

IGO has suffered at the hands of both lithium and nickel. As we said in yesterday's Match Out Report, “We can’t help but think this is the capitulation-style move that often pre-empts a major low, but only time will tell”. If we didn’t already have sector exposure through PLS & IGO, we would be giving more consideration to re-entering IGO.

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16/01/2024 08:43

IGO Ltd (IGO) $7.59

Lithium and nickel company IGO has more than halved from its 2023 high after writing off almost $1bn from its Western Areas (WSA) acquisition only one year from paying $1.3bn for the nickel miner – hard to imagine getting this anymore wrong.

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14/12/2023 09:13

IGO Ltd (IGO) $7.82

Lithium and nickel operator IGO has tested the most resolute ESG investor, more than halving from its 2023 high, this was many people's pick for the year as EV and the “green trade” dominated outlooks, but as we all know, the crowd is often wrong.

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07/12/2023 09:05

IGO Ltd (IGO) $7.82

Nickel and lithium miner IGO has endured an awful year, more than halving from its mid-July high. We are considering buying IGO around current levels; this could be funded with cash or a switch, leaving the move down the risk curve to later – a little market finesse with seasonality on our side

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05/12/2023 09:32

IGO Ltd (IGO) $8.03

Nickel and lithium miner IGO is down 40% year-to-date, joining a disappointing performance by virtually all lithium-facing stocks, with the battery element down ~80% in 2023. It's hard to forecast where lithium will ultimately bottom; hence, at this stage, we believe it easiest to “follow the tape”, which is showing no signs of a bottom, although the downside momentum is waning.

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28/11/2023 09:11

IGO Ltd (IGO) $8.45

Last month's 1Q update for the nickel and lithium company wasn’t well received by the market, which is not good news when combined with an underlying commodity in freefall - EBITDA fell 42%, mostly on the back of lower profits from their Tianqi Joint Venture which was impacted by weaker lithium prices

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