Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6

I give up. I'm getting it all wrong. There is little correllation between the list of creditors shown in this quarterly and the list of whose going to accept shares in the announcement of 30 Sept. This list today is obviously not a full list. They never give a complete picture in one place.

The people who were creditors at June 30 would still be creditors at Sept 30, in fact right up to the meeting next Monday. They cant assume their resolutions to issue shares will be accepted. The last meeting all the resolutions scraped in with a few votes over 50%. .

And now errors on my part.... my apologies for getting it wrong...they will NOT be able to clear the mortgages on the tenements with the new share issues to the creditors. Apparently they are only permitted to issue new shares up to 15% of MC without shareholder approval, the current list of share issues to be voted on fills the allowance, so they couldn't if they wanted to. Todays creditor list adds up to over $5 million, if converted to shares would be over 40% of the company.

Not shareholder advice, I know stuff all about listed company accounting.