Unlike lithium rivals such as Pilbara Minerals and Core Lithium, as well as Albemarle and SQM, Perth-based IGO (ASX:IGO) has not only survived another significant hit from the slump in demand and prices for the key renewable mineral but also endured another miserable period for its other key metal, nickel.
Read More
As expected, the double-play squeeze on nickel and lithium in the December half took a toll on IGO’s (ASX:IGO) interim result.
Read More
Perth-based IGO (ASX:IGO) is grappling with severe damage inflicted on its businesses by plummeting nickel and lithium prices, as well as mining challenges at its acquired Cosmos mine in WA.
Read More
A day after IGO (ASX:IGO) revealed a production cutback at the massive Greenbushes lithium mine in southwest WA and introduced a revised pricing structure to lower the effective selling price, one of its mine partners, the US giant Albemarle, reportedly laid off over 300 employees worldwide.
Read More
IGO (ASX:IGO) has confirmed that the huge Greenbushes lithium mine will cut output because customers have not been buying as much as they did earlier in 2023.
Read More
Perth-based IGO (ASX:IGO) has cleared incoming CEO Ivan Vella after he was summarily fired by his former employer, Rio Tinto, over a confidentiality breach.
Read More
Investors had a strong reaction yesterday to IGO's (ASX:IGO) quarterly report, driven by concerns about the volatile outlook for lithium. IGO's shares initially plunged by 11% in early trading, but by 11:30 am, the decline had reduced to just over 4%.
Read More
In the wake of significant writedowns on the value of its nickel assets acquired through the expensive Western Areas takeover, IGO (ASX:IGO) is poised to alleviate any distress for its shareholders.
Read More
IGO (ASX:IGO) is facing a scarcity of cash and its finances have been strained after incurring a near $1 billion clean-up bill for its costly takeover of nickel miner Western Areas.
Read More
17 Jul 2023 – IGO Limited (ASX:IGO) has provided an update regarding the impairment of assets acquired from Western Areas (WSA) in June 2022.
Read MoreJudging by the tone from two of the country’s major producers Pilbara Minerals and IGO, they aren’t quite ready to accept that the lithium boom is fading just yet.
Read MoreNickel and especially lithium proved to be a highly profitable mix for IGO in the six months to December, enabling the company to pay a record interim dividend of 14 cents per share.
Read MoreIGO Ltd and its Chinese partner Tanqui have made a well-timed bid for the smaller lithium aspirant Essential Metals at a likely cost of around $A136 million.
Read MoreMonday saw IGO with some news on good progress at its WA lithium hydroxide refinery, as well as an update on the weekend fire at its valuable Nova nickel mine.
Read MorePerth-based resource company IGO has suffered a major hit from a fire that will put its Nova nickel mine out of operation for several weeks.
Read MoreThe quarterly report from IGO has shown just how lucrative the Greenbushes lithium mine in southwest WA has become as the renewables juggernaut gathers pace.
Read MoreTwo leading ASX-listed companies lost their CEOs yesterday in very different circumstances: Adbri in a strategic move, and miner IGO in a far more tragic fashion.
Read MoreFor a company reporting its fourth record result in a row, IGO was pretty circumspect as far as rewarding shareholders goes – leaving its full-year payout unchanged at 10 cents per share.
Read MoreIGO finished the year to June with a wet sail – higher revenue and earnings, the Western Areas takeover completed and good news from its new refinery south of Perth.
Read MoreOn the ASX docket Thursday: IGO’s WSA takeover reaches its conclusion; a fairly nondescript investor presentation from Wesfarmers; and an old copper mine gets another life.
Read MoreUpgrade to Buy from Neutral given the recent share-price retreat. Target price dips to $12.15 from $12.40.
Read MoreSense seems to have prevailed in the end after plenty of chest puffing, with IGO Ltd relenting and upping its offer price for nickel miner Western Areas from $3.36 to $3.87 per share.
Read MoreAn extension to the trading halt in Western Areas shares will give suitor IGO Ltd some time to figure out the next move, if any, in its $1.1 billion all cash takeover offer.
Read MoreA big test for IGO today as it learns if its $1.1 billion takeover offer for nickel rival Western Areas – which resumes trading this morning after a two-day halt – has any future whatsoever.
Read MorePlenty of corporate activity in the local mining sector, with developments today on the proposed takeovers of DGO Gold by Gold Road Resources and Western Areas by IGO Ltd.
Read MoreIGO says the surge in nickel prices and subsequent confusion after trading was stopped a week ago will not force his company to lift its offer price of $3.36 for rival miner Western Areas.
Read MoreAfter years in the doldrums, exploration activity has stepped up in the most famous of all Australian mining areas, with some interesting discoveries revealed or hinted at. Broken Hill is back!
Read MoreThe December quarter bought the usual flood of updates from miners on their exploration, development and production operations – here are a few of the key highlights.
Read MoreThe Outperform rating is retained and the target price decreases to $15.30 from $16.30.
Read MoreIGO will pay $1.1 billion in cash for nickel miner Western Areas at $A3.36 per share, thereby confirming one of the worst kept secrets in the mining industry this year.
Read MoreIGO has confirmed media reports that takeover talks with nickel miner Western Areas are moving closer towards a decision, while Mincor has struck nickel at its Hartley prospect in Western Australia.
Read MoreDespite China having spent the past year or more monstering Australia and Australian companies, the ties between both countries continue, especially in the strategically important areas of lithium mining and processing.
Read MoreIGO Limited has more than tripled post-tax profit thanks to the sale of its 30% stake in the Tropicana gold mine to Regis Resources, just one deal in an eventful year for the company.
Read MoreContrasting fortunes this week for three of the country’s mid-range miners who released quarterly reports – IGO in nickel, as well as gold producers St Barbara and Gold Road.
Read MoreShares 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 MoreMacquarie prefers Nickel Mines, IGO Ltd and Western Areas for nickel production. The Lighten rating and $8.50 target are retained.
Read MoreNeutral maintained. Target rises to $6.90 from $6.40.
Read MoreShares 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 More|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Error: Contact form not found. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DOWNLOAD RESEARCH REPORTSecures binding contract with Tier-1 OEMUS based anode active project gathers momentumMagnis Energy Technologies (MNS.ASX) – MNS is planning an anode active facility in the US and recently announced a binding, yet conditional, contract for the supply of anode active with Tesla. The contract is for a minimum 17.5kt/year with an option to purchase another 17.5t/year. Conditions precedent carry a tight development timeframe, with first production scheduled for February 2025. Site selection is underway and co-locating with an OEM on a brownfields site makes sense. Long lead items have been ordered and detailed engineering and design is expected to commence soon. |
|
December Quarterly Report: Q2 FY2023Looking past the rain – there’s a rainbow.TerraCom released their operating results for the December quarter FY2023 with operating metrics being in line with our forecasts. Unseasonal rains in both Australia and South Africa contributed to operational and logistical issues across all mines, however guidance for annual production at Blair Athol is unaffected and highlights the quality of TerraCom’s skills in operational management. We continue to like the stable operating metrics around the company’s Australian operations and see potential for the South African operations to benefit from increased management focus given the rationalisation of operations following the closure of the Ubuntu mine. Corporate Connects overall financials remain unchanged as does our target price of $1.35 share. We maintain our forecast for a fully franked quarterly dividend of 7.5c/share to be paid in the March and June quarters of FY2023. |
|
DOWNLOAD RESEARCH REPORTHigh performance synthetic anode & cathode materials Building a US based materials supply chainNOVONIX (ASX:NVX) – is scaling a synthetic anode materials plant in the US and piloting nickel rich cathode material in Canada. Why? China is dominant and growing – 100% of global natural anode and 68% of synthetic anode is refined in China. In short, China controls the global midstream battery chain by controlling 60% of chemical refining, 87% of anode manufacturing, 61% of cathode manufacturing and 73% of battery manufacturing. It is global battery supply and price domination at scale. |
|
|
|
|
|
|
|
DOWNLOAD RESEARCH REPORTAntisense Therapeutics (ANP) Taking a Quick Approach to Long COVIDThis report looks at the results of a collaborative study Antisense undertook which looked at the largest protein expression database in Long COVID-19 patients who experienced neurologic symptoms well after the primary or acute SARS-CoV-2 infection was considered over (Groups 1 & 2, with 48 subjects Group 2 comprising a single patient from a different clinical site). The symptoms and others experienced by such patients result in a highly significant amount of illness, possibly more than all primary SARS-CoV-2 infections i.e COVID-19. |
|
|
|
|
DOWNLOAD RESEARCH REPORT4Q reveals more focus on profit and cash flow• LBY’s 4Q FY22 quarterly activities update showed continued solid growth in top line metrics, albeit slowing, with GMV of NZ$203m (+26% on pcp) and income of NZ$12.1m (+23% on pcp).
• Net Transaction Margin (NTM) disappointed at -0.5%, due to further increase in credit losses from 4.0% to 4.9% of GMV. However, new fraud and credit risk management tools have seen losses recover materially with NTM back to 1.2% in March and LBY is confident of further recovery in coming months.
|
|
DOWNLOAD RESEARCH REPORTSigns MOU with Ford Company – Kachi is now sold out!Lake Resources (LKE. ASX) – LKE has signed two non-binding MOU’s in the space of 10 days. Ford Company (Ford) has signed an MOU for ~25,000t/year and last week Hanwa, a Japanese commodity trader signed a MOU for up to 25,000t/year. Subject to execution, this is an amazing feat as Ford and Hanwa are prepared to enter into longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing but are expected, especially if Ford & Hanwa inject new equity into LKE, to further de-risk the project financing & thus ensure LKE and Kachi are fully funded. |
|
DOWNLOAD RESEARCH REPORTStrategic Vanadium-battery growth with Titanium & Iron earnings resiliencyTNG Ltd is an ASX-listed technology owner and developer of the world-class Mount Peake near-surface vanadiferous titanomagnetite deposit. To unlock value, TNG will concentrate ore from its central Northern Territory mine for processing through its patented TIVAN® process produce three premium quality revenue streams: hi-purity vanadium pentoxide (V2O5) for steel alloys and Vanadium Redox Flow batteries, a quality titanium pigment for paints and a premium steel input with >64%Fe iron ore fines. |
|
Promising exploration and development update while SOP prices continue to riseTwo recent gravity surveys have considerably exceeded expectations and revealed potential for extensions to the existing MRE at Lake Throssell, plus a material growth opportunity at Lake Yeo. This reinforces the potential for a multi-decade, Tier-1 SOP production hub based around Lake Throssell. TMG is currently completing work towards the PFS due early 2023, including drilling to start in Q3 2022, evaporation trials and permitting activities. Results from these programs will support the PFS and any future resource upgrade. Benchmark SOP prices have risen to ~US$940/t due to recent geopolitical developments. The Oct 2021 Scoping Study assumed a SOP price of US$550/t and contained a sensitivity analysis showing every 10% increase in price drives a +$144m increase in the project NPV of $364m. The c.70% increase above the Scoping Study thus implies a project NPV of ~$1.4bn. |
DOWNLOAD RESEARCH REPORT
|
DOWNLOAD RESEARCH REPORTIncreasing our TargetDespite the lower realised oil and gas price, which fell by 5.4% and 19.7% respectively in August, Calima managed to show improvement in its key business metrics. We expect higher production in November due to the contribution by the new Thorsby wells which will be drilled in August/September which will see Calima meet its 2021 production guidance of 4,500 boe/d. |
|
DOWNLOAD RESEARCH REPORTEmerging Financial Wealth Advisory GroupWT Financial Group Limited (WTL) is a growing diversified financial services company, founded in 2010 and listed on the Australian Stock Exchange (ASX) in 2015. Its advice and product offerings are delivered primarily through a group of independent financial advisers operating as authorised representatives of WTL under its Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group) dealer group operations. It has around 275 advisers across more than 200 financial advice practices Australia-wide. It also operates a direct-to-consumer operation under its Spring Financial Group brand. |
|
DOWNLOAD RESEARCH REPORTImmutep Taking the Fight to CancerIn May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive research report on ASX-listed biotech Immutep Ltd (ASX: IMM). So impressed was he with IMM that Corporate Connect felt it imperative that a follow-up report be released placing a valuation on the company, because the market was not seeing the vast potential of eftilagimod alpha (efti). This follow-up report has been released today. Using comparables, after adding cash back to their EV estimate and dividing by the total number of issued shares, Corporate Connect now places the fair value of an Immutep share at $A2.20. |
|
DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaPayGroup (PYG) delivers multi-country BPO services and cloud SaaS HCM solutions, assisting companies to manage employees in multiple, complex jurisdictions. The company has many growth opportunities, including new clients, new jurisdictions, new products, partner expansion, and new revenue sources. PYG’s scalable business model allows operating leverage and with savings from in-housing third party technology, support margin expansion. |
|
DOWNLOAD RESEARCH REPORTMarket leading lifelong learning platform technology company in Australia and SE AsiaOpenLearning (OLL) is a higher education technology company that operates a scalable online learning platform through a software-as-a-service (SaaS) business model and provides a global marketplace of high quality courses for learners of all levels. Its primary customers are education providers based in Australia and South-East Asia (primarily Malaysia). OLL started operations in Australia in 2012 and expanded to Malaysia in 2015, Singapore in 2018, and recently also Indonesia. |
|
