"capital raising is outof thequestion" idc ceo, page-20

According to IDC's Cash Flow Statement at the end of last quarter, it had ($,000) 3,481 in the bank.

IDC also stated it intends to spend this quarter 4,900 (4,100 in exploration and another 800 in administration).

That represents a SHORTFALL between available funds and expected outflows of 1.5 mil.

So either somebody isn't going to get paid, they will revise their expenditure forecast, or they will have to raise some more money.

Doesn't get any more complicated than that.

You may want to read this article that suggests the ASX has written to companies who have insufficient cash reserves to meet its planned cash outflows for at least the following quarter seeking an explanation from them.

ASX worried about junior explorers' cashflows

by: Barry Fitzgerald
From: The Australian
May 13, 2013 12:00AM


http://www.theaustralian.com.au/business/opinion/asx-worried-about-junior-explorers-cashflows/story-fnciil7d-1226640649580