IRD 0.00% 6.0¢ iron road limited

Another brick in the wall for Iron...

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    Another brick in the wall for Iron Road

    https://ehq-production-australia.s3.ap-southeast-2.amazonaws.com/ba652d46463e353f83e2f7587d4c8d7af75c7157/original/1708556983/09c257867a2de6ea0ec543589579ee09_240216_ISA_NWS_Business_Case_Summary_FINAL.pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=AKIA4KKNQAKIOR7VAOP4%2F20240223%2Fap-southeast-2%2Fs3%2Faws4_request&X-Amz-Date=20240223T010222Z&X-Amz-Expires=300&X-Amz-SignedHeaders=host&X-Amz-Signature=5f09d285d0665931567f5ed2905f52751b5f5bfff4933884ec62dd4283e90273

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    See page 21 for mention of IRD

    I don't understand why Fortescue has got an invite to the party.
    Probably the balance sheet can accommodate a sustained cash drain.

    It is the IRD remit to develop and then sell.
    I predict IRD will accept a juicy bid from Fortescue in due course.

 
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