IGO 0.64% $6.28 independence group nl

...an observation

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    The disparity of the relative performance of the two Kambalda Ni "twins", IGO and MCR, has been quite pronounced in the last six weeks or so. MCR has powered on admirably while IGO has been steadily sold off, presumably as a largish holder lightens or sells out.
    Buyers have been few and far between until today when the buy side has started to look much healthier. Possibly the selling has ended, for the time being at least, and it may be time for IGO to play a bit of catch-up.
    Certainly MCR's performance has been aided by a significant resource upgrade recently, however IGO also indicated a likely upgrade in the forthcoming quarterly (the size of which however is of course not known).
    Just my conjecture - anyone got any thoughts on this?
 
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