Lastly IGO which we hold in our Flagship Growth Portfolio, the stocks basically reached our $16 target area leaving us contemplating what next comes next i.e. is this going to be yet another “failed pop” as we’ve labelled moves by the likes of NIB Holdings (NHF). We are fans of the companies evolution over the last few years which is enabling the business to enjoy healthy cashflow while bankrolling its exciting nickel and lithium growth. No change, we had been considering reducing our position into fresh highs but at this stage we’re inclined to give this position more room but as always never say never.
- We like the businesses two recent acquisitions and are inclined not to trim our 5% position at this stage.
MM remains long and bullish IGO for now
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