IGO has shifted towards energy storage for its future and with nickel, copper and cobalt production already firing nicely it makes perfect sense. Following the stocks 14.5% correction the risk / reward is reasonably appealing with a “pop” towards $14 a strong possibility this year but at MM we already have a reasonable exposure to the Resources Sector and we’re more likely to be an observer in this case.
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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MM likes IGO under $12
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Performance update for March, stocks that drove returns & our current positioning
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Friday 26th April – ASX200 -101pts, Newmont (NEM), Resmed (RMD) & Super Retail (SUL)
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Market Matters Research Lead Shawn Hickman with David Koch
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