Looks like we'll get news on EXIM's decision before November,...

Looks like we'll get news on EXIM's decision before November, which is the date we should watch out for. Once EXIM funding is on the table share price should move up to reflect the project's value and IBG will be in a better position to raise further debt and equity if required.

IMO the presentation does a great job at highlighting the strategic value of this project both in terms of geopolitics and mineral resource so that it is very hard to see the EXIM loan application be rejected. Clearly this is the perspective of independent advisors like Bacchus Capital who are well versed in this space and are taking their fees as shares in IBG. Remember that this means they will be impacted directly by the financing decisions made after EXIM approval, and would not want their shareholding to be diluted therefore they should have existing shareholder's best interests at heart when recommending finance options to the Board.

Great time to be accumulating imo, the risk to reward is in our favour. Looking forward to November and the rerates to come.