IGO is successfully transforming itself to a business 100% focused on clean energy mining and battery storage putting it into the in vogue ESG category. Although IGO is clearly correlated to lithium names we own it making it particularly important to MM:
- We continue to like IGO although we can see it suffering the same short-term fate as ORE.
- We are keen to increase our 3% holding up towards 5/6% if we see a test of August lows, over 10% lower.
A classic case of “plan your trade and trade your plan” although at MM we are Active Investors the same adage applies.
MM likes IGO around the $8.50 area
Add To Hit List
