The IXR decline in SP is now binary to the constant CRs this year as management cannot implement forward plaining on budgeting requirements. IMO
The bulls on this page would have you believe funding offers or grants are imminent from government coffers which is not the case , As any CAPITAL government funding will come in the form of matched payments once money is spent as a reimbursement on a fully funded project.
So therefore IXR will have deliver a fully funded project first to qualify, Which at current REE prices there would have to be a 80% uptick to meet there published metrics in there FS just released for presentation to the government.
The Offer of Grant, made under Section 7 of the Industrial Development Act 1982, follows an application submitted by Ionic to the Automotive Transformation Fund, is subject to terms set out in a grant funding agreement and conditional upon Ionic providing 1 ) clearance from the relevant authority monitoring state subsidies and 2) a funding, activities and deliverables plan which is expected to be provided.
IXR Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
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