Ann: Corporate update, page-24

Well, the eternal optimists can dwell content with the release of the austerity program & the cessation of drilling. It's been put into hibernation, like the sleeping bear over winter, asleep in the hope that spring will eventually come. So the company is counting on the resource cycle. It is going to be interesting to see how they eventually go about raising more money and at what price they do it . I guess they have a 3-year buffer to do that. It's starting to look like a desperate speculative miner. As I said previously nobody knows what's going to happen. But the risk profile has risen considerably on this one.