Ann: Quarterly Activities and Cashflow Reports, page-36

Jamac, I have no issue with seeking funding elsewhere if there is a Tanzanian cap placed on the raise. Personally I think it prudent from their perspective that they hedge.

What I am very unhappy about is this. Why wasn't this issue of seeking alternative already in place. They have had almost 12 months to do a pre-mortem of this raise due to the unforseen halt by the Tanz gvernment. And they are now just getting ready to jump on a plane?

Don't get me wrong here, I want this to happen and am invested in it happening. But the directors have dropped the ball on this and on the overpaying. I can forgive the actual overpayments. I am still struggling to forgive the lack of oversight - especially since they have relatively speaking, been waiting on a the Tanz gvernment to green light the system. They have had time to be going over all their processes and plans with a fine tooth comb.

They didn't and they have failed on these specific initiatives. If they were in the process of building a greenfield plant I could understand such an oversight because the plant would take priority... But besides chasing more buyers, getting a prospectus up (that still isn't approved), more exploratory drilling, and getting the locals rights sorted, what else have they been doing?