"capital raising is outof thequestion" idc ceo, page-2

Misleading? Lol didn't you forecast IDC to have a negative cash cost given the abundance of silver not too long ago?

"The miner has around $3 million to $4 million left in the bank and will probably need to raise more funds soon to advance its flagship Mt Kare development. The 58% collapse in its share price this year to a record low of 0.5 cents essentially means an equity raising is out of the question."

The above statement is the writer of the eureka reports opinion. It does not mention it coming from Stephen Promnitz.


“If any interested parties have approached us, I would have to make a market announcement about that,” said Promnitz.

This means nobody has approached yet for a takeover.



So tell me i am curious.... what financial alternatives does IDC have? Sell assets? How much is that worth?

Debt? Possibly but a bit risky for the bank as IDC has no cash flow for at least 2 years.


Sell a stake? That is the same as capital raising which is selling a stake via issuing shares.

Plus we don't even know if the PNG govt will take a 5% stake like they did with Porgera.