Money of Mine IGO’s BIG write-down and Whitehaven’s BIG pile of cash
We kicked into gear this morning with plenty of news to start the week.
Sayona’s (SYA.asx) shareholders only just approved of stock and options grants to management while Hillgrove Resources (HGO.asx) are rapidly approaching go-time at Kanmantoo.
IGO (IGO.asx) announced a huge impairment on the assets they bought from Western Area’s and staying on nickel, Poseidon (POS.asx) decided to delay the restart at Black Swan as a result of project and external issues.
Matty gave a case study on what to look out for in lithium land with the rise and fall of Voltaic Strategic Resources (VSR.asx) then we chat about Rio’s (RIO.asx) investment in Sovereign Metals (SVM.asx).
We round off the day with Whitehaven Coal’s (WHC.asx) quarterly report – and what they’re going to do with all the cash!
All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
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(0:00) Video Preview
(0:39) Introduction
(1:31) Sayona Shareholder’s Vote
(3:17) All Go at Hillgrove
(8:08) IGO’s Big Impairment
(14:41) Poseidon hit Delay on Black Swan
(19:21) Voltaic the Lithium Hopeful
(27:21) Sovereign Metals Catches Rio’s Eye
(29:50) Whitehaven Keep Piling up Cash