INR 3.03% 16.0¢ ioneer ltd

Next 6 months will be massive for INR:Strategic partnering and...

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    Next 6 months will be massive for INR:

    Strategic partnering and offtake will be crucial this quarter and will give a sound indicator of project perception moving forward.

    IE.

    If INR can lock in a strong strategic partner with organization of funding for Capex before year end will be a solid indication the project will proceed without any material risk.

    If INR strategic partnering hinges on MoU then we will still need to maintain a level of skepticism until Jan 2022 when BLM issue full notice to proceed.

    Worse case yet IMO would be a further delay in offtake and strategic partnering which I would determine as a strong negative sentiment moving forward - Other businesses are not sure on if the project will even get the go ahead.

    We also have the annual review of Tiehm's that is meant to be concluded on 22nd July but whether this has been delayed due to Covid or what not remains to be seen. I expect if BLM have delayed full notice to proceed by 6 months that the US department of fisheries and wildlife will follow suit with petition review.

    If the review shows negative sentiment towards the petition this would also be a positive for INR imo.
 
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