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Independence Group NL

 

Buy Independence Group NL shares

INDEPENDENCE GROUP NL (IGO) Shares

ABOUT INDEPENDENCE GROUP NL

Independence Group NL, an Australian exploration and mining company, was incorporated in 2000 and has its headquarters in Perth. The company focusses on high-quality assets of scale and longevity. Its strategy is to align the business to with the structural shift to energy storage.

The company derives its revenue from gold, silver, nickel, zinc and copper mining and mineral exploration. It conducts exploration projects in Western Australia, South Australia, the Northern Territory and Greenland.

The group’s DNA comprises exploration and discovery. The latter forms the basis of its growth-in-value strategy. The company’s highly experienced exploration team has the expertise to align the group’s strategy firmly to its focus on energy storage and transmission metals.

Today, the company employs approximately 240 people.

OVERVIEW OF INDEPENDENCE GROUP NL

  • Independence Group NL conducts its operation through three primary segments: the Nova Operation, the Tropicana Operation, and Growth. The Nova Operation produces copper and nickel concentrates, whilst Tropicana comprises the company’s joint-venture interest in the Tropicana Gold Mine. Tropicana Gold JV is 30% owned by the group. The majority is owned and managed by AngloGold Ashanti Australia Limited.

  • The company conducts copper, cobalt and nickel mining and processing at Nova. The Nova Operation is situated in the Fraser Range, about 140km northeast of Norseman, 360 km southeast of Kalgoorlie, and 380 km from the port of Esperance in Western Australia. Tropicana is about 330 km east-northeast of Kalgoorlie.

  • The company is also involved in a few other projects such as the Long Operation, a nickel mine situated at Kambalda in Western Australia. The Fraser Range Project currently holds about 15 000km² in the Fraser Range, east of Kalgoorlie. This underexplored site is prospective for nickel, copper and cobalt sulphide mineralisation exploration.

  • It is also involved in gold exploration at Lake Mackay JV north of Alice Springs, in conjunction with ABM resources. Today, the company employs approximately 240 people.

VISION & VALUES OF INDEPENDENCE GROUP NL

  • Independence Group NL is a firm believer in a world where power makes extraordinary things possible. Its workforce is bold, passionate and fearless, making the company smarter, kinder and more innovative than its competitors.

  • Its operations bring fundamental changes to the way communities grow and prosper. By implementing core values such as innovation, integrity, respect and accountability into its daily operations, the company stimulates growth and adds value for shareholders who purchase company stock.

MARKET PERFORMANCE OF INDEPENDENCE GROUP NL

  • Independence Group NL trades on the Australian Securities exchange (AXL) under the stock symbol IGO.

  • For fiscal 2019, the company recorded total profit after tax of US Dollar 76.085 million, total equity of US Dollar 1.849.060 million and assets valued at US Dollar 495.245 million. This solid performance affords shareholders the confidence to buy or sell company shares in the expectation of solid dividends and returns.

Buy INDEPENDENCE GROUP NL stocks / shares – A Step by Step Guide how to Buy / Purchase INDEPENDENCE GROUP NL Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy INDEPENDENCE GROUP NL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN INDEPENDENCE GROUP NL STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE INDEPENDENCE GROUP NL STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of INDEPENDENCE GROUP NL stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy INDEPENDENCE GROUP NL stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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