Nothing exciting.
# Cost cutting evident....Phillip Wood chewed Nippon's $5m in one year.....We have $3.3m.
# The burnie shed is not a financial drag...will be cash flow +ve.
# IRC looks dead.
# "monitoring" the development at BSM.
# No asset acquisition yet....still waiting.
# Looking at a long forgotten asset (Zeehan Slag).....Intec bought it from Encore in 2006 for $3.2m ( 20m shares at 0.18)...Touted to to contain metals worth $360m at 2006 metal prices......Any idea how they can realize some value?
Nothing company making in this quarterly....You reckon wait for the next quarter?....and the one after.
Ann: Appendix 4C - quarterly , page-2
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