Funding Deadline 14th May, page-29

Overall, there continues in my mind a nagging sense that there is something genuine about IGE.

I recognise the ever-extending wait for funding shows that there is nothing truly secure and that the Co. is broke if not for the supplementary top-ups from the BOD et al... Yet the BOD wouldn't keep topping up if there wasn't at least a good hope of a return. No-one willingly throws good money after bad and although the directors may be individually well enough off to put in more cash every qtr, they would not do so without a sensible understanding that their $$$s would be repaid in the LT.

We've examined this co. and its dealings exhaustively over the last 5 months or so. We've all read the disturbing information re the funders and the dubious arrangements and so its quite right to keep scepticism, even a degree of cynical perspective, of each new delay to funding.

A speculative investment, regardless of the decision to invest at whatever timing etc, remains an investment. We all want to see a return and I for one do not want to give up hoping that eventually there will be some return.

Whether the ASX investigation is looking exclusively at the funding or something else is uncertain. Yet eventually a decision will be made and the co. will either return to listed trading or IGE will be delisted. The worst case scenario seems more probable imo but the better case remains a possibility. If the $$$ comes through it becomes more likely that IGE will re-list and trade higher as plans will then proceed and revenue will begin.

With BOD passing the hat and topping up my feeling (has anyone any evidence to offer that can change this vague sense to something stronger?) is that the BOD knows something we don't about future funding and so this bolsters the positive scenario.

Any comments?

cheers Scott.

DYOR, GLTAH ;-)