Financially ,it isn't looking good for them at the moment....

Financially ,it isn't looking good for them at the moment.
They achnowledge only $100k of this Au Resources money hasn't arrived.
They have had to put the $300k Redivian debt for Forestania on 12 per cent interest indefinitely.

The 2 million cap raise has had it's closing date extended 3 times.They stuffed up the issue price big time.
One would need rocks in there head to subscribe at four-tenths of a cent, when they can be bought on market for a quarter if that, ie, one-tenth of a cent.
They claim to only have $55k in cash left.

Would Still really want to own a million dollars worth at 4 times what they can get for them on market for.
So they could sell a million dollars of shares on market for $250k & they would get the $250k underwriting fee. So if they were sold they would loose half a million dollars.