the end?, page-11

these two paragraphs from the intermin report a a real worry and would definately explain the recent sell off IMO.A 10 million CR on the cards with a SP at this level would spell major dillution whichever way one looks at it.I cannot believe what has happened here.

'The Group recently agreed with Investec to the deferral of the$10 million principal repayment due on 30 September 2012 to 28 February 2013, this is agreed subject to final documentation.'

'Post balance date, the Group has advanced negotiations in
respect of significant capital raising initiatives. At the date of this report, the Group is at an advanced stage of negotiation to secure $10 million in capital. The capital raising initiative is subject to certain conditions being met, some of which are outside of the Group’s control. An outcome of the proposed capital raising includes retention of the interest in the Tala Hamza project by the Group. Based on negotiations conducted to date, the Directors are confident that the capital raising will be completed in the near-term including satisfaction of conditions precedent. The terms of the capital raising will be disclosed in accordance with the ASX Listing Rules as soon as finalised.'