Ann: Trading Halt, page-9

Hi guys, usually on another forum, however did some calcs and a little research.

If IDC where to CR all the way to production would be looking at around 3bil shares or more.

Major dilution, however based on potential earnings, POG shares on issue etc, the hardest way for IDC (based on its current Jorc) would result only in a maxiumum SP of 40c.

Im already major in the red so ill have to ride this out in the end.

Other points are in the previous AGM minutes, IDC want apporval to issue 181mil share at the VWAP with dicount.

So if this is the case 0.0104c to a maximum of 181mil shares would only raise around 1.88m. Not even enought to keep the lights on or machinery hire for unsued stuff in hagen.

Now the only potential upside at the moment is 'This is the first CR or any type of funding since thee LIR has been completed and signed off', if anyone has done their research then they will know this is a significate achievement and certainly would allow for more funds to be easily grants.