Ann: Change in substantial holding from TRF , page-17

Just sent the following email asking for update on the following. I also went back to IFs interview on Jan 10, where he indicated interim financing and $40m capital required. Maybe this is including the environmental bond.

Anyway - will share if if I get an answer or hopefully we all do when they post it to the ASX.


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Could the company (IFE) consider a market update of the following;

1. Update on project timelines for stage 1. Being closer to production, timelines should be very clear. ie key milestones & progress of barge/port option and mining contractor contracts should be known.
2. Update of the project financials based on above timing. In particular profit & cash flow forecasts/guidance for this financial year and next.
3. Reasoning to the delay of bank debt financing. This was a big turn around from prior communications without explanation and it needs insight to Management's thinking.
4. Risk to project if options not converted and/or commentary about the commitment of major holders to convert. TRF would be a good start.
5. General "good news" update with photos showing the progress of camp, key infrastructure, road and port etc