IEC 0.00% 0.3¢ intra energy corporation limited

Ann: IEC Update, page-4

  1. 7,975 Posts.
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    It highlights the inherent risks with this stock operating in Tanzania.
    I'm glad we have through accounting checks & balances but this kind of stuff makes me nervous..... especially when we have already had a licence stripped for no reason in the past.

    I did have a bit of a laugh though when I read that the government wanted to know why they haven't received any dividends! Pretty sure you need to be fairly profitable or have an excess of cash before you can start paying out a divi/ royalty or whatever you want to call it. So yes mraj "debt' sums it up nicely.

    I've tipped my hard earned $$ into this stock and the government will get a divi when I get one.... if you don't mind.

    I'm changing my sentiment to "HOLD" because of the Tanzanian government or the Tanzanian newspapers creating uncertainty.
 
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