48 cents oer share , page-13

It does show "Cash at 30 June 2011* $9.7 million"
and "* Preliminary unaudited"

Why would that be "misleading in the extreme"?
Why do you suggest "ASIC will have a field day!"?

Planned expenditure, as listed in the previous quarterly report is just that, a PLAN, and plans are subject to change.

As discussed in recent days, the PLANNED exploration expenses for the 4th quarter did not occur, certainly not in the over-$4M range that the company had PLANNED. There is nothing wrong with this, PLANS are SUBJECT TO CHANGE.

We KNOW this expenditure DID NOT occur, because the company did not do any drilling in Q4.