I believe one way to ride out this current market while the...

I believe one way to ride out this current market while the perpetuity of the current situation continues, I propose the following:

URL operate on skeleton staff – perhaps 1 full time staff member with part time rosters as required. I do not see the point of all staff being employed until the debt financing and EIS is completed. We seem to be burning through cash and adding nothing in return. I do not want to see our position diluted further by raising cash through more share placements once management have drawn it al out on their pay cheques – the only share placements I want to see is when debt financing takes place.

There is nothing management can do for the EIS now – and it now appears that all information has been given to the banks for debt financing. There is no further drilling taking place and nothing further for them to do until we have the EIS and Debt Financing. Perhaps I am missing something here, but I do not know what management do all day.

Let management sit it out until the EIS and debt financing. Might give a few of them some pondering time to see why this is the case and hopefully improve their input. Once debt financing and the EIS takes place, we can start this journey again. To burn through cash in the interim could spell the end.