Ann: March 2015 Activites Report, App 5B and Tenement Info, page-2

My oberservations:

1. "Current work on site is in hiatus pending renewal of EL 1093 by the PNG MRA. Well, no work being undertaken, yet they managed to burn $908,000 in exploration and evaluation, and $200,000 in administration. Outstanding.

2. In November 2014, they said that the injunction 'did not materially affect the Company's ongoing operations. Now, they just said it was pivotal. White man speak with forked tongue?

3. 8 grand left in the bank - Enough for some champers at the creditors meeting for a job well done.