Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3

This should not have been a surprise to anybody.....note they expect to slow spending in Q4(written in the cash report) which will keep the more narrow drilling programme going ahead of a potential raise mid to late in Q1 of the new year when hopefully market conditions will have improved. Note the major shareholders are very supportive and will no doubt ensure funding options remain open especially at this rock bottom capitalisation. IMO just be ready to top up as weak holders exit in low volume. Further falls in the MC put the SP in an oversold situation creating value for a long term investor. They also have the option to liquidate some of their investments but I don't think that is their desired course of action given the strong potential their investments currently have especially STK. Regional consolidation could also be brought forward which ensures that some intrinsic value of our tenements and mineral deposits remains no matter the situation.

Not trying to polish a you know what, just trying to put a balanced argument in front of many nervous existing SH's.

GLTAH