News: IRD Iron Road seeks trading halt, page-3

Well I don't see why a capital raising will open things up at all.
All previous raisings have resulted in Sentient increasing its vice like grip when it is non renounceable and they subunderwrite.
Retail investors have all surrendered their shares when they believed the prevailing media group think.

In the normal scheme of things it takes 5 to 10 years from discovery to digging the ore ; which has just about passed.

They are about to construct at the best possible time. If FMC can drive down costs to the same level as BHP then IRD can also.
Latest methods , reasonable construction costs , low cost of funds to be supplied by sovereign wealth funds looking for reliable returns.

If only our politicians would borrow and build Australia at record low rates instead of choking off growth with return to surplus and
triple AAA credit rateing bunkum.