Quarterly, page-4

They should never have let their cash situation get so dire that they had to go to someone like Magna.
They are still well and truly in the red zone. My biggest fear is if they plan to kill their ASX listing and then start again marketing their three prospects on the AIM in 6 months time and re-locate to London.
Hopefully they have something already lined up on the farm-outs and we get announcement in the next two weeks. If we don't get good news by June - then we could be cactus.

We cant keep paying out fees to mgt and third parties - that is simply not legal in these circumstances (mgt fees may be seen as a proxy for dividends).