Ann: Corporate Update-IGS.AX, page-15

Cash at 30-Dec-2015 was $32,000.00 that was 7 months ago.

The directors speak on 17-March-2016 and 07-July-2016 for non lodgement of half yearly accounts blames WG & Santa Fe.

I.e. no money to pay for it.

Yet IGS is conducting due diligence……………..ann. 07-July-2016

“In addition, the Company is well advanced in the acquisition of another highly promising mineral asset in Australasia. The parties are currently in a confidential due diligence period, which is expected to complete in the coming 7-10 days. Subject to successful completion of this due diligence IGS expects to execute a term sheet to acquire a majority interest in this asset, which it believes would be highly complementary to its existing Brazilian asset.”


David and Jason must be working for free. How nice of them. Maybe that’s why Jane agreed to resigned her position and Travis announced his intension to resign from the board as announced on 28-Apr-2016


It appears Travis has now gone, sometime between 04-May-2016 and 07-July-2016 and no final directors interest notice [3Z is due with in 5 days of resignation] or announcement to say that he has actually left the company. Hmmmmmm…..Maybe Jason needs to go back to secretary school.



Ann. 28-Apr-2016

“Resignation of Director and Company Secretary Mr Travis Schwertfeger, who is currently a Director of the Company, has advised of his intention to resign from the Board, citing increasing work commitments…………………………………..The Board would like to thank Mr Schwertfeger for his significant contribution to the Company and wish him all the best for the future. In addition, the Board also confirms that Jane Flegg, current IGS Company Secretary, has also agreed to resign her positon with the Company. The Board is currently in the process of identifying suitable candidates to fill both roles and upon their appointments the resignations will be effective.”