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IGO downgrade an 'overreaction'

Independence Group says Nova production could be half guidance

Alex Hamer
The Nova plant should be running closer to full capacity in a few months

The Nova plant should be running closer to full capacity in a few months

Or overreacted, according to RBC Capital Markets analyst Paul Hissey.  Since mid-January IGO shares have dropped 23% to US$2.73 per share.  The company blamed contractor Barminco for the digging slowdown,...

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