IGO’s clever use of equity

Here is a chart illustrating the percentages which Independence Group (IGO:ASX) has traded at either above or below its 200 week moving average.

The company has cleverly issued shares and made acquisitions at many of those peaks.

Examples include;
2008 Karlawinda
2011 Jabiru
2015 Sirius
2016 Windward
2018 Southern Hills
2021 Western Areas, Silver Knight & Tianqi,

This is an example of how to strategically use your extended stock price as effective currency.

August 10, 2021
by Rob Zdravevski
rob@karriasset.com.au