I’m sure IPX are advanced in their discussions with scrap suppliers, and yes there is a surplus.
However, to progress to binding scrap supply agreements, I feel IPX need to be seen to be advancing their production facility and attracting customers. And the cr is the third pillar. Debt funding is the fourth pillar to securing supply?
Customers would want to know that IPX can supply, hence progress on the facility and scrap supply agreements, cash and other funding. Another four pillars to securing customers?
IPX need to show the likes of Tesla and Boeing that they can be a reliable supplier.
To date, IPX hasn’t announced a scrap supply agreement. Is it a chicken and egg thing. Do they have to lock in scrap supply agreements before customers sign up, or is it the other way around?
There must be a lot happening right now and a lot of news to come in the coming month.
So far so good.
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