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13.5¢ intermin resources limited

Ann: Quarterly Activities Report 30 September 2018, page-5

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Sharetrader78

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25/10/18

08:06

Post #: 36251509
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Originally posted by JamesExpat2: ↑

A lot of hard physical work done this past quarter and a huge effort in
compiling what is a very comprehensive report - IRC mg'ment are to be commended.
All looks positive going forward for us s/holders particularly with the recovering AUD gold price.
NB- Also no doubt the end of quarter cash position of ~AUD$7m excludes IRC's
share of disputed monies still held in the Project bank account joint with the contractor
-Resource Mining.So when the dispute is resolved we will have a very healthy cash position.
It will be in Resource Mining's own interest to play ball given the numerous new
mining earmarked to commence early 2019-so why did they unilaterally change the method
of calculating the contract ?

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Any idea on how much more funds we could be looking at ..can't believe the RM issues has continued to drag on this long not good for both companies .. even though I'm sure JP and team are clean any fight taints both sides

IRC Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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