Ann: Quarterly Financial Report and MD&A, page-9

I agree with 2ic. The companies cash position is becoming of great concern and it's going to hit the share price one way or another. With the new appointments they put on last year they now have a significant wages bill so you can't just say cut spending to zero and switch to waiting mode. Companies like this can't cut to zero or anywhere close to it. The ounces in the ground remain and the gold price is going higher so we have assets but every company needs cash to function so something has got to give very soon. A CR at this share price is going to be a significant punch in the guts to current shareholders and if it occurs separate to a mine financing package then it has simply come about due to poor financial management.