Ann: Payment Extension and Appendix 3B x 2 , page-12

This paragraph or quote is quite telling:

"This will enable Mutiny to fully inform investors of the progress of its ongoing exploration program and to provide the board with the time to consider all funding alternatives prior to making the $4m progress payment.?

Spanish Galleon is due in the next few days, pre-feasibility in July, there are a few new holes being put into Deflector and also few remaining Deflector assays which are due shortly.

JG is a good operator, delaying payment into August is a very interesting move. IMO, the bigger negotiations are progressing well and this $4mill, a convertible note or a good parcel of shares at a discount are all part of the mix.