Ann: Quarterly Cashflow Report , page-8

BBB,
thank for the reply and you are right in that they technically haven't spent the money.

I guess it's just disappointing to see that they have done this - get the bond back - without making it clear in the announcement. I think they bragged about it when it was paid.

Also, although IFE may not have spent the bond money, without getting it back, they would have less than $0.5m in the bank so they have really needed it to survive - it's probably been spent now.

Again not the worst thing to do, but just terrible management - they are not clear. Wasn't it paid in the first place because mining was so close and it's a positive sign?

Cheers,
W