Have they signed binding off takes or simply an MOU that states...

Have they signed binding off takes or simply an MOU that states "yeh look could be interested but not locking ourselves in"? These non binding MOU's you speak of aren't worth much. AR3 and MEI both signed non binding MOU with Neometals ages ago..anything happening with that?

What IXR have with LCM and Ford is an actual supply chain project being properly tested and supported by UK government. You have to realise our off take negotiations are also taking place with companies that are rolling out a whole new sector of their company (Eg. EV's). The EV market is fluctuating a lot. I'd rather IXR get a concrete contract with someone. Not just a fluffy announcement that looks nice.

Also your reflection of the company based on you being $400k down has nothing to do with their performance. You invested in a small cap sector which clearly is in a Bear market right now..and a commodity based company that has their commodity price at an all time low...IXR can't completely control the SP of the stock..the market will do this, however they can manage how they run their operations, assets etc...and since your first investment 2 years ago I would argue they have achieved a lot. They are putting funds towards things that actually develop a company. 2 years is a very short time in a small cap company that has only reached real development phases recently. The sentiment in IXR and the small cap world is not in a good place right now..I just want management to ride this storm and continue doing the job they set out to do.