Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-45

The soft share price reflects the current challenging inflationary and credit environment that businesses are facing.

RANs customers could be forced to cut back on expenditure potentially effecting future sale orders.

RAN itself will face higher freight, electricity, insurance, labor costs etc.

And then there is the big issue of future funding. Current shareholders will be tightening their belts, limiting the prospect of a successful capital raise. Bank funding was mentioned. Sure, if a bank is prepared to take the risk on. The funding rate would include a risk premium, and funding rates are increasing.

Let's watch this space and see if RAN management can pull a rabbit out of the hat.