Macquarie Bank was voted the replacement warrants today.
Originally Macquarie bank was set the task of inducing the Sth Aust wheat belt farmers to set up silos within the IRD portside area. The farmers felt they would lose control of their asset and anyway in muddy conditions they preferred to store grain on the farm rather than get wet on the way to silos at the port.
That was prior to all the Hydrogen concept and enthusiasm that arose with global warming evolving.
Macquarie being ever adaptable then pivoted by buying land adjacent to the IRD port area and proposing the silos as shown on P10 of Cape Hardy 1.8.24 announcement.
That has been deemed sufficient to issue again some 40 million warrants.
While IRD has plenty of financial smarts they just don't have the manpower availability to call on when it comes to raising money in the marketplace.
This is a multi billion dollar project that needs safe hands.
NOW WE HAVE COMPLETED THE JIGSAW PUZZLE
IRD Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held
