trading halt, page-41

I agree but it depends on the time available.

But if you and Ocra prefer to go to the source for info then how is this?

lets have a go at guesstimating IGR's cash position at the 30th June
given the info already announced by IGR (the source) already.


Cash at 31st Mar.....................................................$21 mil approx (see report)
Revenue Mar Qtr (20,963 ozs)................................$33.39 mil (see report)
Cash varience with Dec Qtr....................................$+0.5 mil approx (see report)
cash outflow for Mar Qtr.........................................$32.89 mil

Now lets look at June 30th cash prospects:-

Cash outflows forecast for June Qtr.....................$44.27 mil (see Mar Qtr report)
That's $11.38 mil more than the Mar Qtr

Now let's factor-in the revenue drop from Mar Qrt to June Qtr 2012:-

Drop from 20,963 (Mar Qtr) to 16,000 for June Qtr (see ann)
Add to that a probable 1000 ozs less due to current disruption.
That's an estimated 15,000 ozs production for June qtr
or
5,965 ozs less than the Mar Qtr @ say $1500/ oz, that's $8.9 mil less revenue.

So in summary, if the June qtr cash outflows are ...$44.27 mil as reported
which is $11.37 million more than Mar Qtr 2012 and that revenue is down
$8.9 mil on on the Mar Qtr, the cash position @ 30th June should be
$21 mil - (11.37 + 8.9 mil) = $730K

If that is so then a cap raise is probable.

What do you and Ocra think?

Bear in mind that this is purely based on cash flow and a few major assumptions are made in comparing last qtr's cash flow with the current one and as Ocra has had it from the source that no cap raise is needed.

I'm interested in your comment. Perhaps you could talk to the 'source"
for an update and let us all know?

With kind regards
Moorookamick