IGE integrated green energy solutions ltd

Ann: Board Structure Update, page-9

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    g'day Tareq, When I wrote out the reports on the conversations I had with JH, I tried to be objective and where I included my own thoughts I noted them as such.

    Of course I have my doubts and yet try to be as fair as I can manage.

    I try to base my opinions on evidence and as there is no evidence of the "imminent" funding from Tangier, it should have been announced today given time differences, my opinion is that there is no funding coming. The last SGC funding schedule was that $7.5m would be available on the 30/04. Given that JH has said that IGE are reluctant to start the clock on the 18 mth repayments schedule by drawing down until there is a probability of having sufficient revenue... I doubt they'll draw-down on SGC either. Yet they may as there is no indication of other funding.

    I made a call to JH's phone this evening after the Ann. and got his v/mail... I asked him to call me back tomorrow. Lets see.

    cheers Scott.
 
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