Ann: June 2015 Quarterly Report and Appendix 5B, page-3

@L33thal Remember they are/should be also receiving additional funds from fig tree soon. I personally think this is a decent quarterly, considering what is up ahead, and what is behind, they are improving their budget overall for the long term. The spending now is for a 3 year gain for graphite, this company has already hit it's bottom, and I highly doubt it will ever drop below 1 cent again (unless as a result of external economic factors).

Side note (Opinion only): The graphite sector has vast potential, summarised countless times, and this company is one to for long term gain. If anyone worried about a short-term spending, then said person probably shouldn't be long term investing in this company. I'm sure many people will gladly scoop up any short term dumps for long-term gains, there will be no 10 bagging this year, but by the end of 2017, I see some serious improvements.

DOR