Elphamale
One also needs to remember that at the end of December 2013 IDC has just $492k left in the bank - they are currently running on "fumes".
They estimated $6.6million would be spent in the March quarter - they may have had to adjust their spending expectation.
However, if they have already spent $6.6mil out of the $10mil coming into the coffers immediately, that leaves them roughly $4mil heading into the next quarter. Their past quarterly spend has normally been around $5-7 mil per quarter
The additional $10.8mil "to be paid evenly over an 18 month period;" - is that going to see them thru? Not at the rate they are burning cash. There would need to be more!
- Forums
- ASX - By Stock
- Ann: Half Yearly Report and Accounts
ElphamaleOne also needs to remember that at the end of December...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares