Very happy to see costs down 60% And that money coming in is just the start. We are certainly not seeing company saving amounts coming in yet, but what we are seeing is the pivot from a heavier organisation, to a trim , leaner meaner one. Something no doubt Lynch has had a big hand in. With this pivot comes a much longer runway to execute, and greater leverage in which to negotiate with financiers and backers. Many thought this was the beginning of the end of IXR. Little money in the coffers and too high a cash burn. May i suggest this is not the beginning of the end, BUT THE END OF THE BEGINNING for this company. The shift from explorer/ demo, to finance and commercialization. There is still a long road ahead, make no mistake. But i think, the worst may be behind us, and an optimistic future awaits, buoyed by more funding, continued cost cutting and the eventual offtake partner and commercial deal that will take us to the next level.
IXR Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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