Ann: Half Yearly Report and Accounts Dec 2014, page-9

Right now matonmax.......'they' are playing a game of rum limbo............................how low can it go ? The only worry I have is the issue of raising capital when & if required. Obviously the amount of shares required to be issued at these levels will be extremely dilutive. Whilst they have cash......I wouldn't classify them as 'cashed up,' making further exploration & development challenging to say the least. There are so many small caps in this exact same situation.