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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