"capital raising is outof thequestion" idc ceo, page-62

I also recall asking you to confirm the numbers you based you original calculation on.
I am still waiting for your response
-----------------------------------------------------------
You got to be kidding, but if you must (YAWN)http://www.asx.com.au/asxpdf/20130501/pdf/42fmbj01ncnvc7.pdf....Page 6 of Activity Report, under Corporate, ..... "Page 6
Cash & Shares on Issue
The cash position was $3.5 million at 31 March 2013 (Appendix 5B).
"

The Cash Flow Statement.....

Consolidated statement of cash flows Cash flows related to operating activities Current quarter
$A’000 Year to date
(9 months) $A’000
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration (5,421)
-
-
(965) (24,054)
-
-
(2,239)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature received 36 62
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) - -
Net Operating Cash Flows (6,350) (26,231)
Cash flows related to investing activities
1.8 Payment for purchases of: (a) prospects
(b) equity investments
(c) other fixed assets -
-
(20) -
-
(74)
1.9 Proceeds from sale of: (a) prospects
(b) equity investments
(c) other fixed assets -
-
- -
-
-
1.10 Loans to other entities - -
1.11 Loans repaid by other entities - -
1.12 Other (provide details if material)
Net investing cash flows (20) (74)
1.13 Total operating and investing cash flows (carried forward) (6,370) (26,305)
1.13 Total operating and investing cash flows (brought forward) (6,370) (26,305)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 7,044 30,066
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other (capital raising costs) (500) (2,077)
Net financing cash flows 6,544 27,989
Net increase (decrease) in cash held 174 1,684
1.20 Cash at beginning of quarter/year to date 3,309 1,808
1.21 Exchange rate adjustments to item 1.20 (2) (11)
1.22 Cash at end of quarter 3,481 3,481

Estimated cash outflows for next quarter $A’000
4.1 Exploration and evaluation 4,100
4.2 Development
4.3 Production
4.4 Administration 800
Total 4,900

Reconciliation of cash Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. Current quarter
$A’000 Previous quarter
$A’000
5.1 Cash on hand and at bank 957 616
5.2 Deposits at call 2,524 2,356
5.3 Bank overdraft - -
5.4 Other - 337
Total: cash at end of quarter (item 1.22) 3,481 3,309