Ann: Funding Agreement with Timis Mining Completes, page-9

Sorry guys - my bad for replying to an old thread.

I was looking for a date that we could be receiving our 8 million and saw the extension clause which I thought I should point out. This should set everyones expectations on when the money we will actually be received - read 'not in our lifetime', as there is no expiry.

If TS demands the loan money back, FT will claim that it will send them bankrupt and we wont see the royalties.
If FT doesn't pay it back, it will accumulate interest and with no income without a foreseeable recommencement of mining to pay it back.

It does not appear as if there are any securities on the loan.

Approaching 6 months shutdown of mining activities now.


We need answers on the recommencement of mining soon, 2014 AGM is in November when the share price was at 12c, it is currently below 2c.