Ann: Half Year Report and Accounts, page-2

Based on a cashflow forecast prepared by management,the Company will be required to source additional
capital going forward. The Company is reviewing a number of options to source additional capital over the
coming months. The Directors reasonably expect that the Company will be able to source sufficient capital to
fund the Group’s exploration and working capital requirements and that the Group will be able to settle its
debts as and when they become due and payable.If required, the Directors also have the ability to reduce
expenditure as necessary.

Surely that is what they should be doing 24/7; not when it becomes necessary!