Ann: Appendix 3B, page-19

There are always plenty of excuses but crunch time for these guys is almost upon them.

They announced they would be mining in December and it is now December.

They announced that a proper comprehensive finance package for min development and offtakes were inminent. So where are they.?

They will be out of cash again based on their own quarterly so they need to announce any funding as part of a larger appropriate deal. If they raise another small bit of cash to pay wages and keep the ship afloat then everyone will know it’s a lost cause.

Still no numbers for San Jorge as a stand alone project and my guess is that they were relying on Kolosori having a PL approved so they could use the already done JORC and PFS they have. The MMB meeting was last week and since they trumpet good news from the rooftops and Avoid mentioning anything unfavourable my guess is that grim news is coming regarding Kilosori and that some interim financing is being put together to keep the doors open.

The usual spin will be put on it and I’m sure it will involve talk of suing the MMB and the SIG and anyone else they can think of. More money to spend and more dreams to exploit while everyone stays on the AVQ gravy train.

It’s back to a STRONG sell for me I’m afraid .

News coming I would say and I doubt it’s good IMO..