Good evening viewers.
Spent some time going through the Annual report...
PAGE 29
The Company has estimated income tax losses of $19,507,018 (2008: $12,518,575) available to be
offset against future taxable income.
PAGE 30
CASH AND CASH EQUIVALENTS 2009 YR 2008 YR
Cash at bank and on hand 5,785,007 1,277,901
Deposits at call 916,507 861,619
TOTAL $6,701,514 $2,139,520
PAGE 31
11. SHORT TERM RECEIVABLE
2009 2008
$ $
Short term loan - 2,300,000
A loan of $2.15m plus interest owing to IGC was settled during the year.
****** This may be the $2,150,000 that Hot Copper members STUD MUFFIN & also JUDGE ROY have been on about for the last couple of years.
HOWEVER... ON PAGE 18
THE ENTRY IS SHOWN in 2008 AS DR ( ) NOT CREDIT ???
(I hope some one can explain??? )
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of right to ore bodies15,000 7,060,000
Payments for purchase of property, plant and
equipment - (1,934)
Payments for exploration expenditure (52,871) (65,998)
Payments for investments (640,344) -
Payments for right to farm-in - (5,469,727)
Loans to other entities - (2,150,000)
Also, It looks like the bulk of the 6 million received 2009
is from the conversion of options (refer page 33).
NOTE*** IGC now have no further income raising options on issue.
PAGE 32
.13 FINANCIAL ASSETS AVAILABLE-FOR-SALE
Listed investments, at fair value
Interest in other corporations 1,086,695 -
Unlisted investments, at cost
Interest in other corporations 532,141 -
Total available-for-sale financial assets 1,618,836 -
Available-for-sale financial assets comprise investments in the ordinary share capital of various entities.
There are no fixed returns or fixed maturity date attached to these investments.
Unlisted investments are traded in inactive markets. They have been measured at cost because their fair
value cannot be reliably measured
No assets have been pledged as security.
********* cant tell what all these are from the report,
but PAGE 40 SHOWS...
Listed available-for-sale assets
Global Iron Limited - 1,800
Nkwe Platinum Limited - 98,000
Tianshan Goldfields Limited - 8,870
.......................................
And thats about it for me.
Thanks for Your time.
PJN
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