Ann: Quarterly Activities Report - 31 December 2014, page-8

They spent $6.35m on what? It would have been $6.85m except for the fact they received a $500k refund for sumthin. They reckon they will only spend $3m this quarter of the remaining $23.5m cash they still have, so by the end of March the bank account would still hold $20m.

But do ya trust em? In the September quarter report they estimated expenditure in the December quarter would be $4.8m instead of $6.35m, ie a cool 33% overspend.

By my calculations they will be out of money by early 2016, unless they can raise more from some suckers. Depending on the USD POG, they may be trading in line with cash held per share.

Surely there is someone out there willing to take over this nutty mob of spendthrifts.

loki (Its the high life while the till is still well stocked and there are willing victims out there in sharemarketland.)