proxy form, page-17

"Both CJ and GE have told me that the view of the board is that a CR will not be required for at least the next 6 mths. Now that the draw-down has occurred I dont have any concerns re; cash position. By all accounts production is running smoothly"

Could you substantiate that Colin Jackson (CJ), a non-exectuative director of RED 5 Limited, and Gregory Edwards (GE), the managing director of RED 5 limited, told you that the board of directors of RED 5 limited, do not believe a CR would not be required for at least 6 months. Why do the board of directors of RED 5 limited believe a CR may be necessary in 6 months?