Ann: IronClad Appoints Former Mount Gibson Iron E, page-2

re: Ann: IronClad Appoints Former Mount Gibso... From the announcement....

“With pre-production and grade control drilling now underway at Wilcherry Hill, along with the fabrication of the Dry Magnetic Separation (DMS) plant, pre-strip of the first pit will commence in the June Quarter. This will be followed by a sequential six month commissioning and ramp-up of the mine, processing plant and utilities, supply-chain logistics and the export facilities at Lucky Bay. IronClad will then have a fully commissioned independent “end to end” operating business system. The commissioning will conclude with the loading of first ore onto a ship anchored off the coast of Lucky Bay.”


This reads to me like a significant delay. I'll send an email seeking the company update the market if this is true.

If it is, I'd like to understand IFEs requirement to keep shareholders informed particularly at a time of the option conversion. Wouldn't mind ASICs view on this too.

Is it just me or does this really p**s you off?



Sentiment : Bewilderment !!