IRD iron road limited

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2.7¢

Ann: 2021 AGM Chief Executive Officer's Presentation, page-6

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64 Posts.

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25/11/21

15:06

Post #: 57853630
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Originally posted by GoldStar112: ↑

MGT thanks for your valuable contribution here. You’re definitely one of the most credible posters here on all things SA magnetite.

This provides all the more compelling narrative for IRD, the question remains which party with balance sheet is prepared to come in and facilitate the next stage of development. I think Sentient has put all the capital they intended to and maybe some more and now they would be logically seeking an accretive exit being private equity. Without a balance sheet (even SA Govt) the asset may remain stranded.

It baffles me why the SA Govt hasn’t accelerated the magnetite strategy, on current trajectory we are nowhere near the $10bn investment needed by 2022.

interestingly IRD have just provided a solution to the water issue with the 2 desalination options presented at the AGM - they have the end to end solution here, plus abit more, all it needs is the capital and some determination now

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BHP would be a good fit for takeover or JV. They have ties with South Australia and we have ties with them, having a former Chairman of BHP on our board!? They could probably do with some green iron ore credentials to join Twiggy and Gina. CEIP and associated infrastructure provides this at scale.

IRD Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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Ann: 2021 AGM Chief Executive Officer's Presentation, page-6

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