IRD 0.00% 7.8¢ iron road limited

It's only worth a punt if someone fronts up with the billions...

  1. 2,012 Posts.
    lightbulb Created with Sketch. 39
    It's only worth a punt if someone fronts up with the billions required to get it to production, hindmost.

    Costs including interest? - About equal to revenue.

    Port? A very long way away and cost/logistics of transport from mine are insane.

    Government? This is SA. There's no financial backing available. The cost/benefit is a shocker.

    The Chinese banks? No answer by last Christmas as promised is the Chinese way of saying no.

    It's not worth a punt, in fact it's money down the drain, but good luck with your holding.
 
watchlist Created with Sketch. Add IRD (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.