Ann: Quarterly Activities Report & Appendix 4C, page-4

Unfortunately, this company in my opinion doesn't have much of a future. I have been following for a while especially after I heard that Gina Rinehart had accumulated a substantial shareholding. However, I just can't see how they plan to be cashflow positive anytime soon? They are burning through $2.5m of cash every quarter. They will run out by mid next year the way they are operating! They will obviously have to do another capital raise while the share price is teetering ever so close to single digits. I can't see any positives with this company.