Intec will retain ownership of the $4.4 million environmental bonds for the EAF dust storage in Victoria and Tasmania. These funds will be released following approved treatment of these zincbearing stockpiles.
Intec has continued to implement a series of economy measures that will have reduced its average quarterly rate of expenditure by over 50% since the September 2008 Quarter.
The Directors consider that the Company’s available cash, receivables and other liquid current assets are sufficient for its immediate working capital requirements and that additional capital will be raised as required on favourable terms relative to the current share price.
We might see the price hike a little if they are going to capital raise reflectinbg on the current SP
SDV Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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