Hi Gigarange,I see no need for Philip Wood to do anything other...

Hi Gigarange,

I see no need for Philip Wood to do anything other than what he is doing. He is making the best of an extremely difficult situation. As far as "walking the plank" well that is dramatic in the extreme. A cold shower and a headache pill will do wonders for your present anxiety state.

Intec has passed many a milestone during the last few years but for every few steps forward there seems to be for some people, a step backward. So it seems with the latest announcement. Yes, selling the Hellyer complex was a surprise and deemed to be a step backward but, the buying of the Delta EMD plant is a big step forward. A giant step forward really. Milestones achieved in the last few years have been in the areas of an increasing number of patents to unlock metals from extremely difficult ores in an environmentally friendly way; no toxic residues and no emissions to pollute the atmosphere. Also large mining companies come to Intec and pay their Toll Fees to see what Intec can do to unlock their difficult ores. Intec has always been successful in its treatment of these difficult ores which is always an encouraging sign, but so far none have bitten the bullet and taken on one of Intec's methods. Philip Wood can't precipitate a "shotgun marriage" with some big company to take on an Intec method. It has to be voluntary and certainly a "greenfield site". That no company is willing to be first to try an Intec method is not surprising as no-one wants a multi-million plant that may be a lemon.

Intec wanted Hellyer to prove its process but now can do the proving much more quickly and cheaply than by going with its original plan. That is what I call flexibility and seizing the moment. Progress may be slow but it is steady and every step is calculated to allow for no unexpected surprises when the new method is adopted. What stuff-up are you referring to in your comment "Get on with it and don’t make another stuff-up in the process."

Philip Wood has not driven the share price into the ground. It is because people don't read or understand what Intec is about and see it as a zinc miner and not a "technology provider". Therefore your comment "You have driven the share price of INL shares to the ground so soon after digging into shareholders pockets with another dilution issue." is erroneous. It has the new cutting-edge technology and will prove it in the near future.

"No more talk-fest"? People would say that perhaps more news would be better but the Intec Forum site provides far more information than any other company I have ever known. That some people are unhappy with information given as answers is not withholding information and being evasive but answers are given according to strict ethical standards and conform with ASX rules.

Many milestones have yet to be achieved before Intec can claim success. The path ahead has still many obstacles to be overcome and anyone can add to those I am listing below.

1. Paying Macquarie $5 million by the 31st Dec or getting Macquarie to roll the loan over.
2. Paying $2 million by the 28th February to execute the agreement for sale of the site.
3. Acquiring South African regulatory approval for the sale.
4. Waiting for shareholders of Delta to agree to the sale.
5. Getting new site indemnity approval for the new process.
6. Conduct a "due diligence assessment" of plant and all it entails.
7. Obtain $30 million in cash or kind by the 15th April 2009.

"Walk the plank"? Not on your life. He will certainly earn his keep by overcoming the above. What Philip Wood needs is support and the continued determination to do what he has always tried to do; Make Intec successful and a world leader in new technology.

Cheers.