and exactly right Koproskilo - that is the view of the...

and exactly right Koproskilo - that is the view of the participants in the Placement and the SPP. They put their money where their collective mouths are.

If one listens to the last Youtube presentation (the link posted above by Roblun) just listen to the language of TH.
When pushed on the grant funding, TH response was effectively "not IF, but WHEN".

I was surprised by his response, because I thought a more cautious response would be "we are quietly hopeful" - but it wasn't.

And that Grant funding will not be a token amount - it will be a cornerstone investment. If IXR get all the grant they applied for, I am anticipating it will be around 25% of the commercialisation funding cost - which is a huge chunk. AND it will not be dilutive to us shareholders.
TH also stated that IXR expects further funding support from associated Govt infrastructure funds - I envisage cheap loan funding etc.
From there IXR is expecting J/V participants or Partnerships.

I always expect that IXR will need to contribute equity funding - but from comments made in these preso's we may be surprised to see IXR able to raise funding without any dilution.

In any event, if they get this UK Govt funding, the SP should be way above current SP levels.

IMHO, the big sleeper here, is that WHEN this UK Govt funding is formalized, it will open the way for a deal in the US. IMHO, that is an almost certainty. The beauty of the US is that the depth of their investment capital is almost bottomless. All sorts of investors will suddenly emerge.
The US investors will have before them:
- a market desperate for REE's,
- a global market
- a market dominated by 1 country supplier
- a market where the product is currently weaponized by China
- a market monopolized by a country USA treats as an adversary
- a product and technology where they can actually visit the demo plant and literally confirm the tech works
- a market where they invest when the prices are at historical lows
- a Feasibility Study showing terrific returns in a low REE pricing mkt
- a FS which shows that the product can be even more profitable based in US
- a product which assists in Sovereign capability
- a product which helps secure USA defence capabilities.
- a product desperately needed by USA defence contractors
- etc
-etc.

For me it is all about RISK/REWARD.

The Rewards will be outsized once IXR confirms this cornerstone funding.
This will be a global-sized outcome.

The risks for me have been "boxed".
I have had some sh...y investments in start-up coys - ie Aust coys developing products particularly in USA.
So I have tried to gain comfort that many of the risks with IXR are covered.
And most have been.
IXR cannot cover Govt risk - witness the delay in Mining Licence re Makuutu.
IXR cannot cover REE pricing risk (although that will almost certainly be offset by their product and manufacturing tech, sovereign risk issues, and security issues re REs)
IXR in its infancy, like similar coys in its growth story, has poor cash backing, and struggles to raise funding for development ----> but has just shown it CAN and did raise enough capital to hopefully reach the UK Govt application results.

The "boxing" of market and product risks, and tech risks, have IMHO, been covered by the support/relationships of independent 3rd parties.
Multiple times.
Witness UK Govt support to tune of 5m sterling!
Independent 3rd parties - Viridis, Brazilian Govt agencies, Vacushmeltze (4,000 employees), Ford, LCM, Belfast Ports. Why would APC get so involved???

Just have a look at Vulcan Energy - just announced a A$1.45 Billion (that's a "B" for billion) funding deal in Germany. Different product but shows it can be done by a small Aussie coy with a new RE product and IP).

If IXR call pull-off this UK Belfast commercial development, then hold on to your seats.