LOL Davo just asked me in another thread if i had received a reply, I open up my outlook, and in it comes ;)
hot off the presses...:
My email: Hello Eoin,
I was just wondering how the repayment of the MON loan is progressing? Is it still on track to be fully repaid by this week?
Is May also still in the timeframe for IRL becoming cashflow positive?
Also, is there any PR planned to try and improve the drifting share price?
Regards Prawn
Response: Hi Prawn
$3 million has been repaid; the schedule has been revised back a little bit but we are confident of full repayment in the next few weeks. We did target May but its more likely to be June for us to be “cash positive”. Yes, we are planning PR. We made a pretty big pitch at the world’s biggest mining conference recently (PDAC, Toronto) where we were one of only a very few invited presenters (see website). However nothing seems to work in the current environment. So our top priority is to make a success of the Surda Project.
Regards
Eoin Rothery Managing Director India Resources Limited
IRL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
