Ann: Quarterly Activities and Cash Flow Report, page-11

Share holdings probably, some of which were sold as per Ann a couple of days ago. Admin spend is 800k per quarter, let's say they've slowed to a crawl on construction and are spending 800k more on site per quarter and they've got about 3 quarters of funding. Granted I have no idea what the crawl rate of construction is. The ATM essentially guarantees that it's not going to be a question of going into administration as costs can be pared back even further should it really be needed. Thank goodness they slowed down. Should not have come to that though!