Rob, you have missed your true calling, I am sure that there is a political party somewhere who could use your Spin Doctor talents,
No IXR do not get 50% of VMM's profits as you suggest, they may get 50% of the processing margins from Belfast, which is a good deal for them as they would be paying 100% margin anywhere else. And does that mean VMM get 50% of the profits from Belfast's recycling business?
No your MOU's are non-binding and the one with Ford depends on IXR still being in business in 12 months time.
And by the way, VMM is not owned by IXR's mums and dads, at best you have 5% and even that is now highly doubtful!I think that the next "Announcement" from Tim will probably be another "froth and bubble" report on his latest junket to Canada, .
The time to abandon ship is when you see the lifeboats being launched and the Captain preparing his Helicopter. for departure.
While Pensana, do have a Mine (with Ore) currently under construction, and finance has been committed to bring it into production.
IXR Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held
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