IGO Ltd ended FY20 in a strong cash position, however, with a softer forward looking guidance for FY2021, “particulary regards to costs”, the company was not missed in the market.
IGO traded 13% down today to close at $4.80/share on the ASX.
Nevertheless, RBC Capital Markets expects the company to materially “outperform” sector average over 12 months and forecast a $5.52c/share for IGO.
Read more about IGO in the coming editions of Australia’s Paydirt and hear from Peter Bradford by registering for the www.australiannickelconference.com on October 6 in Perth.
www.paydirt.com.au/magazines/subscriptions/