Ann: IonicRE signs MOU with CHINALCO, page-63

The amount of utter garbage being spoken in here is astounding.. I don’t hold IXR but I think it’s a great company with a magnificent resource..
This announcement today is a NON BINDING MOU.. Nothing more!! It’s a massive endorsement for the IXR project and shows just how good this resource is.
If the worlds largest IAC rare earth producer is interested then IMO that’s an extreme positive..

The company hasn’t signed anything over to them.
The company is still continuing ongoing talks with other potential customers, financiers etc.
The company has no obligation whatsoever to follow through with Chinalco..

IMO this is just going to draw out any other potential Partners, interested parties and or even spur on a bidding war for a takeover. Because if Chinalco are putting their hand up to say “we rate this” then others will want it too!.

Massive endorsement for the project here. Holders should be over the moon. If it continues to fall, I will also be a holder.