Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-45

It is not about patience. You really do misunderstand how businesses operate.

If this company was making a tonne of money, then by all means spend more on corporate activities to encourage growth.

However, for a management team to spend far more on corporate and admin than drilling as a junior explorer.

That rings alarm bells as a lifestyle company when the spend is nearly $1.4 mil on corporate.

It means another cr sooner than later.

Should you take the time to look at other companies QAR's, you will see there are a lot better managed companies on the asx.

This may have a good resource but management actions to date are questionable and need clarification.

Regards

DD