Ann: Appendix 4C - quarterly , page-19

Just considering buying some more atm

SP at it's lows..

From the Quarterly: "The board is presently in final stage due diligence on several identified projects with the aim of maximizing shareholder value.'"

Cash reserves at approx $1.050m..

Cash burn quarterly approx $200k..

Interestingly though, Administration and Corporate costs for the quarter were $166k. There were no staff costs. $40k of the $166k was paid to director for fees.

Previous quarter: Admin/Corporate Costs= $143k, no staff costs, and $48k in Director fees.

Previous Previous quarter: Admin/Corporate Costs = $78k, no staff costs, $30k in director fees.

They will need to have something in the bag quite soon me thinks bcoz their cash is running out.

I wonder which Director is getting ~$40k a quarter..

imo I rekon they would be looking to wrap something up quite soon..

All in my opinion of course