final quarterly cash flow update, page-14

In relation to debt, I suspect that the Australian Gold Trust is the major debtor at this moment and I do suspect that a threat to go to ASIC would be enough to make them do some 'adjustments' and rush around to the Trustee's office with a cheque. I've already hinted that they are susceptible to this as this is the last payment and the Trustee has no interest in the longer term viability of the company. They are aware of this and are 'hoping' to pay us by the end of the month (fat chance).

That said, I would think that at this moment they are like an umemployed person with little funds but little debt. They may be out on the street, but won't be going bankrupt. They have assets that they could sell in an emergency (to pay us), although those assets are important to their long-term future.