IEC 0.00% 0.1¢ intra energy corporation limited

Ann: IEC Update January 2019, page-29

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  1. 6,128 Posts.
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    I don't think there's too much to worry about. I also think someone is selling some stock to get others to hit lower buys. If in a worse case scenario the company will have to pay up some cash to Caspian but they're still providing services to the mine. And at the end of the day they're cashflow positive and look to be profitable by $4-5m this fy. The 30% owners NDC from memory will want the mine to prosper as it's the biggest coal mine in East Tanzania. They need to maintain that cashflow.
 
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