Ann: Quarterly Activities Report, page-6

Equity investments are usually excluded from cash equivalents.

A few months ago we had about 9M shares left and this cash flow reports that proceeds from disposal of investments as $3.48m , implying we sold under 2m shares during the quarter. Therefore I believe we would have about 7m shares left.

I calculated that cash and liquid assets at the end of the quarter would have been about $81M (GMD trading at $2.06 on September 30th)

GMD now trading at $2.55, implying our current cash and liquid assets would be about $84M

GLTA