IDC indochine mining limited
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no, idc do not need to raise cash now

  1. tobyjack
    9,236 Posts.
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    01/05/13
    10:56
    Post #: 11707765
    "NO, IDC DO NOT need to raise cash NOW, they have 10m in the bank"

    So, Cash in the bank at end of March was $3.5m, with an expected cash outflow projected for this current Qtr of $4.9 m - a deficit of $1.4 m

    I guess we all now know who did their maths and who didn't!

    "The IDC Board is actively reviewing a range of financing alternatives
    to support the next phase of drilling and other work at the Mt Kare
    project."

    In the current "climate" that's going to be hard, IMO.
    IDC Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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