quarterly report, page-15

Personally i dont think there will be a deal -- i could be wrong but i think the company will again renegotiate with banks off the back of q2 and july results to buy more time to prove its potential profitability. Q2 report was reasonable progress, and we know the company has till Dec to meet their next repayment target (ie. sept is covered). So it has to get its results in a healthier position in advance of that time before cashflow bites the banks. There is an optimal production output and c1 cost they can achieve (whatever that is, 2.80?) notwithstanding not having the new power source, and once they get there they are in a better position to ask for further funding to get c1 down further with the new power source, to be profitable and broaden exploration/production. This quarter is quite important to continue to demonstrate consistent, albeit slow, progress in the right direction.