bfs funding

Tobyjack,

I didn't realized you had such a limited exposure to the industry, my aplogies for assuming you had.

The ASX listing rules require a company to provide the ASX with a quarterly "cash" report (Appendix 5B), and 780.

IDC did provide such a report before the April 30 2013 being the close-off date for reports covering the March quarter.

If what you suggest is true the ASX would respond promptly (usually no later than 7 days) asking IDC to explain how it intends to finance its ongoing work at Kare.

You say here on "Hot Copper" the Q1-Q2 IDC cash burn has left a 1.9$ million hole in IDC's accounts and IDC has almost no money left.

To date IDC and the ASX does not seem to agree with you.

As for your comments about a "separate cap raise of $25mil for the BFS" a more reliable description, based on Steve Promnitz words, would be "a SUBSEQUENT cash raising" to complete the BFS.

FYI, the day to day business of a company like IDC is very much directed to things like drilling, completion of a BFC, construction of a mine, production of gold, and creation of wealth and ot so much on admnistration, there being othing to administern te absense of such activities.

This is a pretty interesting time for those with an interest in this project.