Ann: Quarterly Activities Report , page-5

Some great points Dylan - there are certainly some encouraging parts in this report.

But I think the bottom line is that we were really hoping for a solid finance update. An ability to save $5m on this project doesn't reassure me - it's still a $20m company seeking $150m+. Sometimes it seems this company is trying to take attention away from the matter most important to us - "hey we have done x x and x.. oh and the funding.. yeah someone told us they'll pay for it later".

I'm hoping like we all are that someone is going to come up with this funding, but I just can't see who would be willing to supply RHM with this much cash in the current economic climate.

I'm a long term holder and am really hoping I'm wrong - but as time goes by I get less enthused by these sort of announcements, and really just want to know how they're going to pay for it.