I can appreciate the benefit of capitalising the $10 mil...

I can appreciate the benefit of capitalising the $10 mil development costs
but my concern is that at the end of the next Qtr, IGR will be low on cash
and it would be a major SP setback if they had a CR like last April.

Last year's CR saw the SP drop from 55 cents to 37.5 cents and the
SP has been struggling to recover since and with 844 mil shares a
further dilution would not be a good look.

The $35 mil costs for Mar Qtr could send cash below $10 mil.
Many investors expected $40 mil in the till by then.

CC's response to my query last November that IGR would not pay a divvie
for at least 2.5 years because it would take until then so that IGR could
offer investors a fully franked dividend. Given what we know now,
it looks like IGR simply cannot afford to pay a dividend until then
regardless of tax and franking.

I am now seriously considering my position in IGR,

Cheers

Moorookamick