It's worth pondering, Preempt...Areva wanted Haggan's Uranium; by comparison, the sheer size of vanadium - on Europe's doorstep - would surely attract serious global interest.
Do we sell a stake now in a JV to secure funding and maybe progress Tiris? Or do we get better value from a spin-off that we sell down later?
In some ways I'd like to Vanadis take off - because Aura can control the sell down when and if they want to but it needs to be a very successful IPO.
Vanadis IPO, page-233
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