dm spoke to idc ceo "working on transaction"

Here is an email I received from DM.

I suppose if Mt Kare wasn't as high grade and as large, we wouldn't have so much negativity from those trying to buy more IDC shares would we?

kiwi


Hi All

Ignore all the negative posters on the forums, they are accumulating IDC shares while trying to scare you out of yours. The company is definitely in discussions with other companies for a JV (read below), contrary to some posts.

I just received this email from Steve Promnitz this morning, I have confirmed it is OK to be shared on the forums by the company, if you wish to post. Up to you.

The large Institutions continue to be supportive of IndoChine Mining.

Please read below email from SteveP:

"as with PanAust, this often happens with a large Asian shareholder who has different objectives than institutional or retail shareholders"

"We are finding a better shareholder solution so this doesn’t happen…. But we will get a transaction done now that there is a new board."

Stephen

Cheers DM