Ann: Revised Terms on Corporate Transaction with ERM Power, page-59

If EGO does have a cash flow shortage of $1M per qtr ($4M pa) for the next 4 quarters, surely there can be some temporary serious cost cutting in non-production areas (like management/board remuneration, Admin, Registery costs, etc) to provide basically a holding operation for 12 months & give us the required time until cash flow is positive?
Not happy about yet another CR. ERM can have my shares for 2c right now. Or - dare I mention it - maybe even 15-20c if we did a 10:1 consolidation to get some sense into the Register and to shake out thousands of small holders currently stranded by the sp & lack of progress? This could perhaps by in conjunction with a CR offer at 15C to provide drilling funds without waiting 12 months twiddling our thumbs & just paying admin & Alcoa? I'd like to see EGO taking action outside the square, even if it involves some risk, but not if it means selling the shop too cheap.