Ann: IEC Update August 2019, page-5

Oh dear......what can I say.
How long will be be before we change our name or company details to that of a gold explorer?

This must be so disappointing for the team @ Intra Energy. Graeme, shareholders and plenty of others have believed in this company for years and now it all appears to be getting robbed from us after all the hard work's been done.

"Sales were lower than August 2018 mainly due to loss of an export customer to South African coal due to projected royalty on the cost of
transport and unreliability of delivery if road permits are not issued"

Yep. I mean what did the Tanzanian government think would happen? Maybe they aren't interested in an export market?

"Demand Notice for unpaid royalty on coal transportation costs for the period September 2011 to June 2019 amounting to USD$10,408,798, including USD$3,469,599 in penalties."

That's just ridiculous! As rightly pointed out by IEC.
What a bunch of amateurs the Tanzanian government are.

What's that sound????...... Is that the fat lady clearing her voice in the background?