Falko - Now I understand where you are coming from. I think you are wrong though.
They dont need another 50m. They need about 65m for capital and potentially another 15m operational. They currently have announced an intention to raise 40m. That leaves a max of 40m to go.
Don't forget that we also have money in the bank right now that will be use for operational expenditure.
I think we will have to wait and see how the bank finance goes before we can really be clear about what is happening here. I suspect we will know about bank finance in 2 or 3 weeks.
IGR Price at posting:
28.5¢ Sentiment: None Disclosure: Held
