i dont believe IRL will be fine without the 3.5mil.i'm not...

i dont believe IRL will be fine without the 3.5mil.

i'm not suggesting it will go under or anything catastrophic but by the ann today its pretty obvious that sooner or later there will be a shortfall in cash and IRL needs cash.

this play is still in its infancy, lets face it IRL did not raise 9 million to loan to monarch, they recognised the need for this cash, they obviously had it allocated somewhere or another.

By todays ann i have very little doubt IRL will seek funds in the near future, i'm just hoping its by way of debt because a capital raising at a discount to current prices would really annoy me, i say really because i can't use expletives.

more dilution at a discount to the 20c level that many of us bought into a few months ago would be like twisting the knife imo.