if it makes economic sense, and viability sense to form this JV between IXR and VMM now, just wait for a merger between the two, once they secure Offtakes, construction approvals, and funding.
Particularly when one thinks about the "supply chanin" security issues, the geographical and operational synergies ( and importantly the security issues that it would address).
Their is a commonality between product, upcoming refining, patents, shareholders, directors, potential offtake partners, probably funding sources etc etc.
Who would take over whom?
I reckon further down the track, that push will come from Offtake partners.
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1.1¢ |
Change
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Mkt cap ! $55.55M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.0¢ | $113.5K | 10.31M |
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No. | Vol. | Price($) |
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20 | 9521369 | 1.0¢ |
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Price($) | Vol. | No. |
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20 | 9581369 | 0.010 |
44 | 17348620 | 0.009 |
20 | 11206849 | 0.008 |
10 | 6457314 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
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0.013 | 7603731 | 7 |
0.014 | 2973413 | 8 |
0.015 | 2234548 | 8 |
0.016 | 2579822 | 6 |
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