Very positive report, and I note some and some comments as follows: 1/La Jolla will be out here to visit soon in Feb they did this rather than to sell assets or raise capital from shareholders as they expect the SP to rise during 2010. 2/Entry to China through Hong Kong will allow better protection of I.P. through HK legal structure. 3/stage 1 Test Work programme will be reported upon early Feb, the I.P. associated is yet to be patented but this will be done.
Dave Sammut has just e-mailed out:" Intec December 2009 Quarterly Report Intec has released its 2009 December Quarterly Report. Highlights from the report include:
Galvanising Industry Project Agreement Signed
Intec has signed the formal agreement accessing $780,000 of funding assistance from EPA Victoria. Having commenced work on Phase I trials in November 2009, Intec's technical team has been pleased with the results to date.
To view the Quarterly Report, click here
Progress on Intec's Chinese Projects
Intec has completed Stage 1 of the Subscription Agreement with Green Resources for the development of multiple Chinese Projects. Of these, the 50,000tpa Liuzhou Project has completed its pre-feasibility study. A feedstock supply agreement has been signed with Liugang Steel, and conditional approval has been received for the full financing of the project.
To view the Quarterly Report, click here
Intec Secures 2010 Funding
Intec has signed a convertible note facility with La Jolla Cove Investors to provide up to a total of US$3 million in working capital. The Facility provides Intec with all required working capital during 2010, while the company develops its projects to self-sustaining revenue generation.
To view the Quarterly Report, click here
In Other News
Boardroom Radio Presentation
Following the release of the quarterly report, Philip Wood (Managing Director & CEO) was interviewed by Boardroom Radio.
To listen to the audio broadcast, click here
Recent Media Articles
Recent and archived media articles may be found on Intec's web site. Some recent articles include:
'Intec Turns the Corner' EcoInvestor December 2009 'Its Slow Mo, but not for WIMPS' Inside Waste Weekly December 2009 'Intec Lays Groundwork for Expansion in China' Recycling International November 2009 "
I suggest you register with the INTEC website.
2010 should be an excellent year at last, good luck all holders.
Rg DYOR
SDV Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
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