re: Ann: Intec Ltd Appendix 4C - Quarterly De... No one is...

re: Ann: Intec Ltd Appendix 4C - Quarterly De... No one is interested to talk about this mutt INL any more.
I am still holding my "small" parcel at roughly 50% loss.
Let's look at INL in its present form with none of the baggage.
1) It has 2 cash flow positive businesses (even profitable on a stand alone basis) in Burnie & SciDev....Small profit...At least not a drag on resources....Good scope for growth in SciDev.
2) Operating cash flow Dec Qtr negative only $166Ks ( R&D grant is largely offset by &70Ks expenses with SciDev acquisition)...This is very frugal performance.
3) Cash $2m.
4) BSM scrip & Royalties....Not holding my breath ,but it could be sold to cover one quarterly expenses.
5) Zeehan slag with contained metal value over $120m sitting on the ground...Easy "mining"...Zinc looks bullish for the intermediate term....Will not be surprised to see the dump sold & shipped somewhere either locally or to China....Must be worth a little bit more than the $3m Market Cap of INL.
Here are my expectations for INL:
# Breakeven in a couple of quarters.
# Growth of SciDev.
# Possible other small bolt on acquisitions.
# No more begging share holders for cash.
# Monetization of the Zeehan Slags that may happen sooner than we expect...This will be the catalyst for genuine rerating because it will provide the firepower for real expansion.