Ann: Payment Extension and Appendix 3B x 2 , page-4

I think the current equity market is putting the banks and financiers in a position of power.

I suspect that they have conditioned all of their lending on the what Results we get out of current drilling program and are simply not willing to budge because they have the upper hand.

I must admit that if i was dishing out cash id be doing the same. And the reality is that we are all doing this everytime we invest in a share. We way up the risk and reward and play our hand. But if we had the opportunity to wait for the results before we invested we would all hang back as well.

I have faith in management. Its only $4m and we have a stack of Gold in the ground. End of Story.