re: Ann: Quarterly Activities Report, Appendi... "$2M in the...

re: Ann: Quarterly Activities Report, Appendi... "$2M in the coffers" was as at 31 March. We are a month down the track so you would think something is brewing for release in the next 4 weeks and probably 2 weeks to ensure they have a cash buffer. Personally, I don't see any of this as an issue as they already had the $20M at 9c/share before paring back the placement to evaluate the JV options. If JV doesn't eventuate IDC will just go back to the original CR.
BT