Fair enough, But if we all know about SSW not doing that great so does Ioneer. If you worked for INR and SSW have to pay 1.2 billion in damages plus cutting costs due to poor performance of their sites, what would yoou do....just sit back and see what happens. I wouldn't think so. Companies don't want losses not matter the size and they take advantage of losses but they definently don't seek them out. I think they simply are not in a position to make any M&A, $1.2 billion in a damages claim has been ordered for them to pay so that's not chump change and that alone could be the reason to pull out. We will never know for sure either way but Ioneer has put out enough information to make your own decision and SSW has put out enough information for me to make the decision that they're not a good JV partner for this project.
INR Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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