Ann: Quarterly Activities Report , page-10

"A NZ sharebroking firm just put out a note on PRC and indicated that judging from their Quarterly report then they could need perhaps as much as NZ$50 m to get themm through."

Well that's going to take some raising. There would need to be a decent chunk of that to be equity before the banks would assist on a short term basis. That does not look good.

"That could mean getting a loan from NZOG to help PRC through to major production."

My understanding is that NZOG considers PRC to be a stand alone company now and will not provide lending support. They will however take up their share of any equity raising to maintain their shareholding.

The whole PRC thing is turning into a bit of a Keystone Cops job.