Ioneer Ltd (IONR)

[agblanco]

Yes, I realize Ioneer and its supporters think they will be permitted, but what's really happening is that the government is playing heads-we-win and tails-we-win. The government issues a conditional loan commitment for $700 million (conditional on permitting). This pleases the portion of the electorate that applauds government support of clean energy. But, then another governmental agency denies the permit. This pleases the portion of the electorate that applauds environmental protection. The government is only concerned with getting re-elected. If this does not convince you, it's fine with me. All I'm saying is that there is risk with Ioneer, which Is why I'm not enthused.