Latest announcement following settlement of the dispute with...

Latest announcement following settlement of the dispute with Resource Mining P/L
advises that cash @ bank plus "investments"(presumably IRC's 7.2m shares in RWD)
is stated to be $7.8m.

IMO this announcement is purposely vague. I would have expected the figure should have
been something ~ $9m-$10m depending on how much $$$ was being withheld in the
JV bank a/c with Resource Mining P/L pending resolution of the dispute.
eg

Cash @ bank @ 30 Sept.'18 $7,433,000
Add Lehmann's monies 2,500,000
..................
$9,933,000

Deduct Dec. Qtr est. o/goings (1,359,000)
.....................
sub total $8,574,000
Add RWD Invest.7.2m shares
at cmv 10c 720,000 *****
.....................
sub total $9,294,000

Add release of IRC's share of
JV monies-Resource Mining P/L ????
......................
Now stated to be only $7,800,000 ??????

*****RWD Invest. dropped
considerably -prev.16c per share
=$1m before taking up RWD
rights issue-~ $200k.

Comment-I'm perplexed !!!!