IGO Spikes on Lithium Project News
Shares in mining company IGO jumped nearly 10% at one stage yesterday after it told the market that its $2 billion plunge into lithium was nearing completion.
Read MoreTag: IGO
IGO – Macquarie rates the stock as Outperform
Macquarie prefers Nickel Mines, IGO Ltd and Western Areas for nickel production. The Lighten rating and $8.50 target are retained.
Read MoreIGO – Credit Suisse rates the stock as Neutral
Neutral maintained. Target rises to $6.90 from $6.40.
Read MoreIGO Quarterly Saved by Currency Windfall
Shares in explorer and miner IGO hit a two-month high on Wednesday after a weak underlying quarterly update that was rescued by a huge windfall in currency gains.
Read MoreIGO – Macquarie rates the stock as Outperform
Macquarie resumes coverage with an Outperform rating and $8 target.
Read MoreIGO – UBS rates the stock as Buy
UBS thinks IGO has made a “shrewd” acquisition of an interest in Tianqi’s lithium assets. Buy retained. Target rises to $8 from $7.50.
Read MoreIGO – Credit Suisse rates the stock as Downgrade to Neutral
IGO’s first half beat expectations in terms of operating income with earnings from the Nova project forming 70% of the total earnings. Rating is downgraded to Neutral from Outperform with the target rising to $6.40 from $6.
Read MoreIGO – UBS rates the stock as Buy
Nova nickel production in the June quarter was -8% below UBS estimates. Copper and cobalt were better-than-expected.
Read MoreMaterial Matters: Indonesia, Australia & Zinc
A glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.
Read MoreMaterial Matters: Copper, Lithium & Closures
A glance through the latest expert views and predictions about commodities. Base metals; cost curves; lithium; and mine closures.
Read MoreIGO Dependent On Exploration Success
The medium-term production outlook for nickel and gold producer IGO Ltd remains heavily dependent on exploration success.
Read MorePanoramic Goes On The Attack Knocking Back “Opportunistic” Independence Bid
Now there’s one way of seeing off an unwanted takeover offer – do what the putative bidder doesn’t want to do, such as announce a capital raising when the bidder, Independence Group made such a move a condition of the offer failing.
Read MoreIndependence Group Muscles In On Panoramic Resources
Panoramic Resources shares jumped more than 34% at one stage yesterday after it revealed a $312 million all paper takeover offer from Independence Group.
Read MoreIGO – Credit Suisse rates the stock as Underperform
Credit Suisse upgrades FY20 and FY21 estimates for earnings per share by 20% and 10%, respectively, on the implementation of higher nickel pricing.
Read MoreNickel Takes The Limelight, But Will It Last?
Nickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
Read MoreIGO – Credit Suisse rates the stock as Neutral
The pre-feasibility study on the nickel sulphate option has been extended to the December quarter in order to “optimise the study”. Credit Suisse suspects the company is likely buying time for nickel sulphide concentrate offtake agreements to be negotiated and replace expiring contracts.
Read MoreIGO – Macquarie rates the stock as Underperform
Independence Group and AngloGold Ashanti will proceed with the development of the Boston Shaker underground project at Tropicana, despite the feasibility study falling short of forecasts.
Read MoreNova Nickel Lifts Independence Group To Record Result
Nickel, copper and cobalt had a golden tinge for Perth-based Independence Group yesterday which reported record revenues and profits from the first full-year of operation at its Nova mine in WA and improved operating performance at its Tropicana joint venture.
Read MoreSatellite Photo Shows Independence’s Real Deal With Creasy Is Still In The Making
Independence Group’s (IGO) recasting of itself as a battery materials specialist following the recent sale of its second-rate zinc/copper assets for $120 million requires the establishment of a supporting multi-decade nickel, copper and cobalt resource base.
Read MoreCreasy Seals New JV Agreement Near Nova Mine
There’s nothing like success to breed success and WA prospector Mark Creasy is a perfect example of that.
Read MoreIndependence Circling Creasy’s Fraser Range Discovery
Our most successful “prospector”, Mark Creasy, has just notched up 50 years in the game and he is in a reflective mood.
Read MoreIndependence Chases $250m In New Placement
Nickel and gold miner, Independence Group (IGO) yesterday kicked off a $250 million raising from institutional investors to strengthen its balance sheet and provide another $150 million for its Nova project in WA.
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