Ann: RIU Sydney Resources Round Up Conference Presentation, page-17

These lifestyler's had $4.7M left in the coffers at end of March. They reckon it could last 8.8 qtrs. That means they have at least 4 qtrs to sit idle pulling in a cosy wage without having to achieve squat. Reckon they learnt that lifestyle habit from their predecessor L.O - he was a master at achieving nothing and getting very well paid for doing it... Only once the bank starts to run dry and they see their cosy existence threatened will they start to get active on the announcement front....... just in time to hit the mkt for more cash. Rinse and repeat - they learnt from the best.

Yeah, I don't hold any expectations that anything will, or could, be achieved by this bunch of no-hopers....