We will have to find out at the AGM as to their reasoning for this, but my gut feeling is it’s Citigroup saying good luck trying to finance your project at the moment or a JV partner putting the brakes on the project. This is one of those projects though that will get developed whether it is by HIO or another company as the world wants to go greener and magnetite iron ore is the future
HIO Price at posting:
14.3¢ Sentiment: Buy Disclosure: Held
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