Ann: Quarterly Activities and Cashflow Reports, page-3

I'm still trying to work out what they are trying to say on page 11...I think they mean what they aren't saying and they are just guilty of shocking English. So now they would have it we are earning $2.9mil x 3 = $8.7mil/quarter, spending $7.3mil = $1.5 mil/q profit, added to the cash and the cash that is gold (must be a lot of coins or is it gold inventory) by quarters end = $2.5 mil....most debt gone if they live up to it, without the need for a CR. July ..why did we keep mining such low grades when we were obviously doing so at a loss. $20 million revenue in 3 quarters and we almost collapsed. I have no idea what grades the grade control drilling proved at Maldon other than its economic...as nebulous as clouds...This announcement seems to me like smoke and mirrors and does nothing for my shattered confidence. I don't like 23% interest no matter on how small an amount. I'm voting no. Put out a month by month production, income and expenditure summary. If this month has delivered $500K profit which is what's promised in the figures, use the $1.5 million that we have now and repay the employees' etc loan. If they can reach out and touch almost 25 metres Au at 11.44g/t the CR is a disgrace.