Marmaduke See below an extract from last Activity Report but if...

Marmaduke
See below an extract from last Activity Report but if this doesn't come to fruition I understand management will all pull their teeth out and put them under a pillow :-)

I reckon they have enough cash for only 6 more months, in December they had 1.5M in bank and outgoings of 500K a quarter.

1.3 Other Capital Raising Initiatives
We are currently advancing a number of other capital raising initiatives, particularly in regard to our advanced portfolio of projects in Indonesia.
Panax continues to be approached, on a regular basis, by local and international investment groups who see the strong potential and commercial viability and long term economic value of the portfolio of projects that Panax had assembled in Indonesia.
We are hopefull of finalising these discussions to a favourable outcome for Panax during the coming quarter.