Ann: Update on Proposed Capital Raising , page-4

I agree MM3.

My experience is in regards to debt - banks need to see sufficient reserves or by blinded by irrational exuberance to loan money to small start up mining ventures. Sometimes the company has some and the market the other (?remember 2007?). This company and market appear to have neither.

My view is that $20m @ 0.2c (only a rumour I have heard) is a hard ask and this company is heading for a place which starts with "A" and rhymes with “menstruation”.

Shame, being part of the industry myself I would prefer to have some success associated with gold mining in this country/state in surplus to failure. Unfortunately wrong way round in this gold cycle.

Rubbernecking this one like a really really bad car crash...... that everyone saw happening for years in slow motion