Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9

Exactly- Reason for CR goes against quarterly reasons re. future cash flows & business continuance.
"the company will reduce its exploration and studies costs over the next quarter".

Q. So why purchase new tenements recently in WA at a time when funds are reducing,no foreseeable income and expose the company/ SH to more risk? Whats the matter with focusing on what they have to a commercial stage and farm out to a capable partner if BOD don't want to develop. Are we just building the pipeline to continue the life style company.
Narrative/ strategy very wishy washy now after so many years. Hard to take at face value . Share price would suggest confidence is going to make any future funding challenging for the company with existing SH being further diluted.
Detail of drivers and timings is very thin in all communications-  So how did they come up with the CR amount and what happens after that is spent? Please explain but not counting on it.  GLTA. now waiting on sell out window.