ann out resorce doubles, page-50

Hal,

When Promnitz states in last quarterly and in the media that "they are looking at alternative financing options" it begs the question that "these alternative options" have not come to fruition.

Why have they not come to frution???
What has changed??

He has no choice BUT to raise capital and dilute.

IDC need atleast another $20million to keep drilling and finish feasbility study plus working capital.

At 4 cents a share, 500million new shares will need to be issued to raise this sort of money.

This is more than half of our existing register.