Negligence is woven into IDC's Mt Kare story, but the EL renewal process isn't really the issue. Most likely IDC's licence would have been renewed if they had done what they said they were going to do in their work program; and even if they hadn't met their work program they only needed to have cash to fund the next phase of work following renewal. But they didn't and they were in Administration .. the govt would have to be bonkers to support them ! Any negligence is rooted in the conflicts of interest within IDC's management team and major shareholders. And there's little value in chasing it down as there's no money or assets within the company to secure or recover.
IDC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
