"Let me tell you what is installed for INL! At current cash burn rate ($4.7 mil per annum), one more year of operations before more capital investment or bankruptcy!!! And you can quote me on that."
Bewbybill, Admittedly there are some huge rampers on here but you certainly overstate the INL position i.m.o.
I don't think they will go bankrupt that quickly, they will get some sort of deal, whether it is big enough for survival who knows.They wont get any money from most of us shareholders, enough is enough.
A rights would have to be at 1c or something ridiculous, not enough money for them at that price.
You are correct though Bewbybill, they are in serious trouble and could quite easily go bust i.m.o.if they don't though they will make current buyers exceptionally rich.
The old risk v reward thing.
I don't know of anything more risky in the market, or with such a huge potential for gain.
financial year 30.06.08, page-8
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Mkt cap ! $111.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 2 | 17782 | 59.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 4997 | 1 |
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