The time frame is the issue, even if you are still extremely sanguine, construction would be 2024 at the earliest.
As been stated previously, IBG would need to retain Bacchus as well as the general operations which essentially means dilution.
If you were Bacchus, the general push would be either to repackage this project into a new company or, alternatively, sell the whole project at a discount.
The risk calculation has increased substantially, and the reward portion has diminished.
As an investor, you need to evaluate if your remaining capital is better to be deployed elsewhere
IBG Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
