From Appendix 5B - Item 5.5 shows approx one third of cash used...

From Appendix 5B - Item 5.5 shows approx one third of cash used from the balance from the previous Q - and company only has $3.09mill cash left and only indicated to last for 1.7Q. Then notes are made at item 8.8 that:

The nature of exploration activity is that it is discretionary and fluctuatesdepending on the relevant exploration program being carried out

The Company is considering a number of options that will be undertaken at the appropriate time to allow it to continue to fund its operations and the Board is comfortable that these initiatives will be successful.

And yet in the latest RIU Resources Round up presentation reference is made to in the summary to being:

Well funded and highly active explorer.

If current spending is maintained with less than 2Q funding left and being a highly active explorer how can company be well funded and if highly active then cash burn will be equally high even as being mentioned to be 'discretionary and fluctuates'.

Unless sp increases further and soon and with more money to be required and soon, any upcoming CR will be again current sp destroying. The appropriate time referred to may be a rather inappropriate time when current sp is considered. AIMHO