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From ADFN board
: TPI has prudently modelled the opportunity presented based solely on the smelter's first phase of proposed commercial expansion and utilisation only of existing wholly-owned plant, from which it derives a £30.7m DCF valuation for the Group, which remains over two-and-a-half times the Group's current market capitalisation.
https://youtu.be/NMcqtfxu0D0
Worth a listen
My take , with no evidence just hope is that the IiG have put monies in and agreed with Michael to end their contract as something better upstream which they will benefit from as their monies will be converted to shares and then benefit from new deal !!!
Hopefully soon after the Nov 30th end date ??
Wait and see :)
From the Ironveld Website
Looks like all options on table in next 4week?
STRATEGIC ALTERNATIVES
Ironveld has been in discussions with a number of funding providers for the development of the project. Negotiations continue with potential development partners and this may lead to offers of financing that would facilitate the commencement of smelting operations.
The company has also entered into confidentiality agreements with several parties interested in potentially making an offer to purchase all or part of the company’s assets.
Fully agree , and in the rns , a saving of 30% been sorted by Martins leadership on production cost , all impressive and boded well for the future