Thanks Verminski for the MD's comments on this exciting development.
I've always assumed Ironbark would end up being acquired for the Citronen project without really thinking about it. However the wording below could indicate another route is being explored, i.e. funding to acquire the Citronen project from Ironbark, through Bacchus equity partners with EXIM loan support.
"Secondly, today’s announcement is a very significant step forward for Citronen, Ironbark and the relationship with EXIM. Our 402(A) confirmation is a ground breaking development, it’s literally the first time ever EXIM has ever issued such a notice and we’re very excited to share that news with you and the broader market. There is no question in my mind this is yet another positive step in converting Citronen’s vast potential to reality."
Maybe I'm reading too much into it.
Does anyone else see this as a realistic pathway and leave Ironbark to focus on the other projects?
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- Ann: Citronen Receives Landmark 402A Designation from EXIM Bank
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