IDC indochine mining limited

they just completed a CR at 11c to raise 7mit occured subsequent...

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    they just completed a CR at 11c to raise 7m

    it occured subsequent to qtr end therefore it wasnt in the recent update

    but in fact, IDC have 10m cash on hand and the holes over the bonanza zone as well as the 12more due to come on hand over the coming weeks have all been paid for

    its likely the 10m will allow them to continue drilling 1 or 2 more bonanza zones as well as further drilling over the main pit area

    they are well funded...for now

    the next wave of drill results should get the SP moving north which will then give IDC some options as to further funding going forward

    they already have 700m shares on issue, i really hope we dont see it over 1 bill

 
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