{
  "docId": "019dd923-622c-750b-8b99-ccb50c0de40d",
  "docSlug": "2ce2200974d3",
  "documentTitle": "IperionX Ltd. (IPX)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-11-12 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 3,
  "pageCount": 93,
  "prevPage": 2,
  "nextPage": 4,
  "slideType": "table_of_contents",
  "function": "front_matter",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": null,
  "elementsJson": [
    "numbered_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b99-ccb50c0de40d/3",
  "deckHref": "/decks/019dd923-622c-750b-8b99-ccb50c0de40d",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b99-ccb50c0de40d.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b99-ccb50c0de40d#slide-3",
  "components": [
    {
      "bbox": {
        "h": 0.75,
        "w": 0.9,
        "x": 0.05,
        "y": 0.18
      },
      "kind": "list",
      "text": "1. Executive Summary\n2. Why We Have Doubts About IPX’s Promoted “Revolutionary” HAMR Process\n3. We Have Specific Concerns Related To Titanium Scrap Feedstock To Scale\n4. The Titan Project Looks Like A Long-Shot\n5. Despite Years of Press Releases, Still Limited Committed Customers: Caught Between A Rock And A Hard Place?\n6. Insights From Piedmont Lithium And Other Troubled Mining Ventures\n7. We’ve Identified Multiple Operating And Financial Discrepancies And Call Into Question IPX’s Internal Controls\n8. We Estimate 70% - 95% Downside Risk Potential To IPX’s Share Price",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0aee1b1c-e264-41e2-91a2-33252c1fa090",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.22,
        "x": 0.315,
        "y": 0.05
      },
      "kind": "title",
      "text": "Table of Contents",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d261c6a9-c8c1-4644-9b8e-b3d01a4b59e0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 4,
      "from": 1,
      "beatId": "27f1c9b9-2297-4368-ae89-b3ca504a9c89",
      "arcName": "Overcoming the Monster",
      "arcSlug": "overcoming-monster",
      "beatName": "Hook",
      "beatSlug": "hook",
      "evidence": "The document starts with a critical analysis of IperionX Ltd.'s commercial viability and valuation concerns",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}