The settlement with Caspian removes the final major litigation risk for IEC and is a terrific outcome. Whilst the instalments are an impediment in the short term over the next 8 months the operations they are a sensible outcome compared to the alternative of the Court possibly agreeing to appoint an Administrator to Tancoal.
The stock now should re-ratewell above 5 cents as sales and production approaches 100kpm during the dry season.
Congratulations to Jim Shedd and the Tancoal team in achieving this fantastic outcome.
Caspian outcome - great news for IEC
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.536M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 69276965 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 10867397 | 9 |
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| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
| IEC (ASX) Chart |
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