The biggest issue, CS, for any company trying to secure funding via Capital Raises and Debt is the geopolitical risk of Uganda.
No bank or financial institution will support IXR’s project when the country invaded their neighbour. Especially after what is happening between in Europe right now.
Responsible lending requirements mean that if any funding is made available to IXR, it will have to be at a significant discount to the current share price, 20-25% and any debt will be at a significant riak premium interest rate 15-25% per annum.
IXR already has 3.8Billion shares on issue, how much more dilution do you expect in the coming week/months?
Why is it taking so long for IXR to secure funding?
https://odi.org/en/insights/the-cost-of-war-drc-seeks-10-billion-from-uganda/
Ann: Investor Presentation - 121 Mining Investment Forum, page-24
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