IXR ionic rare earths limited

General Chat / Discussion, page-10845

  1. 4,019 Posts.
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    I do hope everybody reads what Rob posted earlier:https://hotcopper.com.au/data/attachments/6530/6530763-81eff10da0e06b9e05858f42c0bb1b2d.jpg

    By my reading IXR get Asia and Uganda, VMM get Brazil and EVERYTHING else is a 50-50 JV.

    Now Uganda is a dead duck, so IXR really only has exclusive rights to market the technology to the Chinese ~ good luck with that !
    AND IXR is now going to have to find 50% of the money to fund yet another SST for further development of the technology to use at Colossus in Brazil on which VMM will have 100% exclusive use of.

    Talk about lopsided contracts!


 
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