Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi James, Hope you all had a good break. Can I please have your current view on IGO - At this moment it has reached a high $12.27. MM sold IGO in Nov. It had reached your target area. Would you now hold for further upside? What would be a new target price? Also your current view on HLS - Healius - Prior to Christmas break MM said it could reach $5.50 - it did on 29/12. It has then retreated below $5 ($4.77 today) Regards Debbie
Hi Debbie,
IGO: Looks nothing but bullish and we clearly sold this too early. If we still held, we would continue to hold – the Lithium & Nickel sectors have strong momentum plus we are still bullish the Resources Sector as a group.
HLS: MM is now neutral to bearish Healius (HLS) after hitting our target and retreating aggressively. We would only become interested in HLS on the buy side nearer $4.00
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