Ann: Half Yearly Report and Accounts, page-4

It’s what I said at the time. They took the risk to raise at a horrible time last tax sell period. If they were going to take the risk anyway, why didn’t they just do a massive raise and get 10-12mil to get us through 2 years. It’s not like they have done any major drill program in the past 6 months. The cash has mainly paid for minor surface sampling programs and management fees. Management fees for time mainly spent on RVT. Shareholders are currently getting a horrible deal here and I agree, management have dropped the ball and should be replaced and cut down in size. The current workflow doesn’t justice such a large management team.