Ann: Quarterly Cashflow Report, page-20

One really important point for all shareholders to be aware of is that the Niuminco leases are currently up for renewal with PNG government. The risk of non-renewal is HUUUUGE in their current circumstances and deserves proper recognition in the company's reports; even if (or probably because) it doesn't help them with raising the external capital they need. Niuminco have a poor track record with PNG tenement renewals and given the current company's suspension, lack of funds and the current political environment to "take PNG back" (especially from poor performers), it would not surprise me if the Edie Creek leases are not renewed. This backdrop probably explains a lot of the dithering that's going on with this company .. not helpful for the rampers, I know