News: Indochine Mining to release resource statement for Mt Kare in PNG, page-12

As much as I hate to say it, gotta agree with noobo here.

IDC had $0.5M cash as at 30 June - a quarter before this they had $2M cash. Burning about $0.5M cash a month, or enough to get to the end of July which has coincided with a spilling of the board and the appointment of an Insolvency Practitioner as the new Director.

Hopefully a deal has already been done with a major shareholder which gets announced on Monday. It'll be fairly ominous for us other shareholders if not....