Prediction on next few months, page-33

In the Quarterly cash flow report at 8., if you change 8.6 to $2708 (which I added $380 for recent raising) and deduct 8.3 of 2995 = negative 287 which means they are out of cash pretty much and at this moment,just like in July 2021 are making arrangements for a capital raising. It is exactly same situation as last year.

How they will raise I don't know. Toll Treatment agreement is close by the sounds and primary funding initiative may be close as well and may in fact already be approved subject to Toll Treatment agreement and revised Modi Mining contract at a rate based contract rather than a cost-plus contract.

The question the board would be pondering at the moment is should they allow current shareholders to participate in the raising, go to current sophisticated investors on the share registry or just take up some more of the $75 million facility. I think the raising needs to be at least 6 months of expenditure or 2 quarters so my bet is a raising of $7 Million dollars @ 1.7 cents if the share price does not crash in the next few days or weeks. The raising recently of $400,000 was a strange one considering they still have about another months worth of funding so I think that raising was a good gesture raising to the providers in anticipation of a raising directly to the market via either current shareholders or sophisticated shareholders.

My bet is Trading halt either this afternoon or early next week with a raising of about $7 Million at 1.6 or 1.7 cents.

It is evident from posts this morning that people do not know how to read the Cashflow Report and I didn't either until I researched more into what happened last year when we raised at 6 cents and then again at 3 cents and how the hell we got down to 2 cents.

I do like the activities report but again we have been at this point before so now they have to prove themselves in the next 6 months big time. If we are still at this position in 12 months the board need to be sacked. I am also seriously considering voting some on the board out of office in November if there is any sign of failure to carry out what is in the Activities report by the time the annual general meeting takes place.