A wipeout for IOG equity holders seems the most likely outcome now - sell/avoid
By Gary Newman | Sunday 17 September 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
IOG (IOG) is one of those natural resource companies that has found itself drowning in debt and with seemingly no way out that is likely to leave much, if any, value for current equity holders.
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