US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
Business model
It seems to me that [email protected] Capital stands or falls on its ability to circumvent accounting tests designed to thwart dressing-up a regular inventory sale-and-repurchase agreement as a ‘true sale’ of inventory.
[email protected] claims it can achieve this through an alchemy of blockchain, innovative legal schemes and special purpose vehicles. But it also admitted in its listing prospectus that its scheme could be banjaxed by the “
interpretation or application” of true-sale accounting rules.
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IronRidge Resources Ltd (LON:IRR) has released the results of a scoping study for the Ewoyaa lithium project in Ghana. The group said the study supports the case for a two million tonnes per annum production operation with life of mine revenues exceeding US$1.55bn, and significant potential to extend mine life. During the eight-year mine life the project will produce an average of 295,000 tonnes per year of 6% Li2O spodumene concentrate. The internal rate or return stands at 125%, while the capital cost estimate is USS$68mln. Average underlying earnings (EBITDA) will ring in at US$105mln per annum, the company added.