The approvals are in place. The contracts are in place. The funding is in place (now guaranteed with the options underwriting)
Delays ? Yes, some are outside of control, i.e. government, some were estimates that were overly optimistic (but the directors hurt there due to lapse of bonus shares) so the intention was there. Whats interesting now is the new MD and COO who have more experience.
IFE is a company that will be a producer. That producer will have a higher MC than it does today. There are instos and professionals backing the company with millions, which is far more than i have to contribute. Do they find out more than we do? Probably - anyone investing that type of capital will perform due diligence and gain extra information. I've spoken with Ian before and if you can get time with him hes open and honest and can explain intended operations. These are forecasts and general company operations. These do not need to be market announcements. You wouldnt expect any or all companies on the ASX to list what their daily expected operations are. He appears publicly at various events and at the company AGM, i'd urge those with doubts to find a way to attend one of those and speak with him and the other directors.
Im happy that they are focusing on building this company into a real success and have been savy and intelligent about the way they have done it. They've kept costs under control, they've not overly diluted and no matter what others think this is best for ALL of us holders. I'd rather a few delays if it means keeping things tight and doing things right.
Good luck to all. Slowly but surely we are getting there.
TYX Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held
