substantial shareholder notices, page-6

Hi Deidre and Towie

Like Towie I am not selling either.
I am worried and very disappointed but not alarmed. A new fridge magnet.
Worried about what cash the Company has left.
Disappointed that the share price is where it is and no info on the IMRP but if ASCI and GHD are still working on the economics Intec has nothing it can legitimately publish.
Not yet alarmed as with $5 million at June 30 the Company has some time to sort things out. Now that is $5 million, less the redundancies and admin costs since June 30. Also the cost of producing and moving the 6000 tonnes of concentrate now on its way to China. However there will be income from that shipment some time in the future. Was there a shipment in July and is Polymetals entitled to some of the revenue? The $5 million will be lessened with the payment to ASCI and GHD for their report. Has the full cost of the new transformer been paid? Cost cutting will certainly be the order of the day in all things big and small. Yet there has to be the cost of an Annual Report printed and distributed which is unavoidable.
I have not tried to contact Dave as I bet he has his hands full and can release only what is approved from Philip. I am however reading Intec's Forum Q&A
It is still waiting and hoping time.

Cheers.