Chances are, if IDC has a project (and I doubt it will be in PNG - kiss it goodbye) the SP may be north of 2.4c. With only 3 million shares on issue there will be little problem issuing another million to raise the funds necessary to create a future in some sector.
As one poster said a lot of shareholders will be wiped out by the share consolidation but for someone with your holdings things may end up better than they appear today.
Good luck.
Chances are, if IDC has a project (and I doubt it will be in PNG...
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