Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-71

Hi all.
Just had a phone call from David Frances.
He stated that the inability to gain land tenure from the State Government has seriously impacted getting partners to Invest.

It is something which is out of their control and there still talking with Govt and in preservation mode, to reduce cash burn by initiating a 3 day work week and reduced staff & salaries. (Currently 10M in kitty)

All I can say is I feel slightly better and feel David is honest and doing all he can to progress and re-list on the ASX.

Still hoping for the best.

Cheers
Mark