Ann: Preliminary Final Report , page-9

El

Your correct that the tax expense falls in May. While the QR gives a cash position it doesn't provide an overview of the cash flow throughout an extended period.

Certainly the demand on the cash will be lower with a much smaller current tax liabilty than at the start of the 2010 year and hopefully lower Exp. costs without this years contribution to Tuatara etc.

I still do feel however that if you take a general overview we are drifting towards an eventual raising at some point in the next 6-9 months if they fail to lift production.