Ann: Market update, page-5

Just some food for thought.

We are essentially about to run out of cash and need a Cap Raise to fund the next few quarters of work and prepare for well drilling in early 2023. Either a Cap Raise is just days/ weeks away, or perhaps Carl is about to get partnering over the line and we then have all the capital we need to get thru the next 12 - 18 months of critical work.

Is it a positive sign that no Cap Raise announcement has been made yet, and conversely that day by day our confidence should grow being that a partnering deal must be close, otherwise we've left it too late to progress works without capital disruption?




Cheers
SS