Ann: Change of Director's Interest Notice , page-13

Lich,

I see the resolution is a precautionary measure. Moy is cash flow positive. However, can you imagine if the plant breaks down for half a month or they feed a portion of ore that is unexpectedly ultra low grade? They would need emergency cash to tide them over. We will be in this condition for a while yet.

I am betting on a end of q3 turnaround. We will have production under way for 9 months and good solid cash balance with a substantial portion of debt repaid. We will have a good track record of production and will start seeing higher grade ore being fed through the mill. Also I would expect we get some ore reserve upgrades by then with the exploration programme.

Psyber