Current Cashflow vs Expenses - in short very little net cash...

Current Cashflow vs Expenses - in short very little net cash generation for the next few months when combined with unpaid SM#58 development expenditure of $3.4M a prepayment obligation of $3.5M (due to be repaid over 4 months May/June/July/August). The next quarterly report will be very telling as to the real position the company is trading they appear to be running very close to the wind - the spectre of a CR is looking like an almost foregone conclusion if performance of G#1 & G#2 do not improve and they push ahead with the near term E#2 drill.

31/03/21 - cash in Bank $3.1M



Comments regarding what steps were to be taken to improve liquidity. Post these actions they have limited means to actually fund anything going forward but to slow down drilling, introduce more debt (unlikely) or introduce more equity from SH.