what does it take?, page-26

No doubt IDC is a powder keg waiting for a match but a couple points not designed to down ramp or cause drama.
1) Capital raising will be required on a continual basis, best case obviously would be on the back of progress that is reflected in SP rerates, however the sole reason IDC is a publicly listed exchange traded business is because that is the only mechanism through which working capital can be raised. The cost of raised capital is effectively measured in dilution or script over market cap. Would be nice if we could determine that cost but the truth is sophisticated investors dont pay more than market value and that in turn makes it difficult for a business to pay less than market value for said capital.
2) More script is inevitable but is not necessarily and should be embarrassed. Without increased liquidity IDC will continue to struggle to attract the type of share registry that is required for sustained and massive SP growth, at present you can't trade $50,000 without telegraphing a shift and that's why we see selling on news, Should one wish to use capital elsewhere in the market liquidity is only provided via announcement.
As I mentioned just my thoughts, I'm a holder and a happy one at that!