Ann: Quarterly Activities Report, page-30

Not correct. Creditors are liabilities, and we won't know what further liabilities CTL have until we see the Balance Sheet in the End of Year Financial Report. As at 31 Dec 16 Borrowings (creditors) were $2.43 million. After the March quarterly they reduced that by $800k and this past quarter was $1.5m, leaving approx $130k in creditors remaining (but we await confirmation when the report is released).

Other cash outflow items were Asset improvements... again Balance sheet items. So your Cash commentary/no debt repaid statement is not-correct.