Hi allI am a long time reader and occasional holder (length of...

Hi all

I am a long time reader and occasional holder (length of hold various on outlook I see i.e. could be for days/weeks/months) of IDC. IDC has obviously struggled over the past 12 months with its leading metal (gold) being in down trend. I see this down trend either complete or soon complete and we can all look forward to the coming 6-12months in the gold price going from strength to strength.

With the vast majority of major investors being risk off over the last 6-12months in this end of the market, imo the forthcoming increase in gold will see the momentum change, which will benefit ALL gold companies. However, companies must first navigate through the current storm/challengers being good old fashioned money. Irrespective the quality of a companies asset, if it does not have cash in the bank business can not, will not continue.

Hal or Nectar, it would be greatly appreciated if either of you could post the link or references to a particular announcement, presentation or report that clearly states IDC will not be performing a capital raising.

Again imo the lack of a capital raising is not necessarily a good thing as often given the current environment in which one operates the provision of debt (including cnotes. pref shares) is on less than favorable terms. Saying that, for the company to get through to production the company MUST RAISE FUNDS being it equity and/or debt, r quite simply it will at best stagnate until time improve or fail, one may draw the conclusion that doing nothing would be also to fail. To shareholders, for the company not to finish what the start i.e. the reason shareholders have invested, is to fail.

Cheers

Clever1