Burn rate is still high and doesn't look to be funds to get through to the end of the year if the 40 million doesn't get up and running. So it will be back to the dilution trough again if there is any delay.
The 40 million note prospectus is still being drafted and has has required revision by the governing bodies. There is no idea on timelines to get this approved and into the investor's market place.
And can't do that until there is a mining license and all other approvals.
All in all, no real guidance on where things are heading.
Ann: Quarterly Activities and Cashflow Reports, page-8
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