Last month before the federal election, PW made a statement about plans (election promises) by the Labour party to upgrade some rail lines in Tasmania if they won government.
Today PW made an announcement to ASX that he had written a letter !
This is the same person who grilled Mango for asking a question about shipment and now PW want the market to know that he has written a letter.
The announcement was composed in a way that it was classified as price sensitive by ASX.
An absolute joke.
1. You would expect the CEO of your company to lobby relevant politicians for the good of the company.
2. This is not new news. PW had already highlighted the rail lines in his address last month.
Then this announcement to ASX an hour later (which btw was not marked price sensetive):
"Hellyer Residues Project Approval Received"
Well that was expected, but it is good to have that in the bag.
The announcement included this interesting paragraph:
".........another major milestone for the Project, which remains on-schedule for construction in 2008 and operation in 2009".
Project remains on-schedule ?
On schedule with no details of funding arrangements having been announced !
Would the market like to know how they plan to pay for this $30mil+ project ?
You bet holders and the market would like to know.
Are Intec shareholders heading for a major dilution of their current INL holdings ?
If would be nice to know Mr Wood !
Uh, if these sorts of announcements are the best they can produce in the Intec "news department", no wonder the sp is falling further every day as holders appear to be selling down.
..................
About the Hellyer Residues Project planned funding arrangement.
Is this going to be a combo financing deal?
McBank financing as well as a share placement to sophisticated investors at rock bottom prices.
Will ordinary on-line investors be p;ssed off with a lousy $5K SPP ?
That would be real swell for the many holders in the Top200, who has no desire to be registered as sophisticated investors with Intec's chosen broker(s).
Is the no-new-news the reason INL is looking more and more like a 8-8.5c stock ?
no:new:news
Add SDV (ASX) to my watchlist
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59.0¢ |
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Mkt cap ! $111.9M | |||
| Open | High | Low | Value | Volume |
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