re: Ann: Quarterly Activities Report, Appendi... "The only...

re: Ann: Quarterly Activities Report, Appendi... "The only pleasant surprise IMO is that they still have $2 million in the coffers"

What's pleasant about that???

Reality is they've already "eaten" into over a third of the funds raised via the recent CR that raised a mere $3.4m. The only reason they have the $2mil left in the coffers seems to be that most of the planned work seems to have come to a screaming halt – certainly nothing to celebrate.

Planned exploration/evaluation Mar Qtr was $6mil, actual $1.6mil

Planned admin was $600k, actual was $276k.

Qtly states "work on site has been reduced until it becomes clearer that a joint venture will eventuate or the company will continue to sole fund the project”

Holders need to have strong faith a suitable deal will be forthcoming soon. Based on recent CR results IDC did not have great success in being able to raise funds desired, the last two CR's falling well short of targets.