Ann: Ore Sorting Test Work to Bolster Optimisation Studies, page-7

As I showed in my cash flow calculations and trade payables they need to dramatically cut spending. A CR at these levels would be a disaster.

To be completely honest the sector sentiment is terrible, and I am not convinced too much will be achieved with a business as usual approach.

They should look at ceasing drilling for an extended period over the traditional Xmas break for starters through the Dec Quarterly report and make it clear spending has been cut back.

Director and Exce payment in shares is an area also. The PLS Directors have made a killing from that approach, a tranche just released recently from escrow for the 2020 lows payments in lieu.

IMO