Ann: Completion of SPP, page-14

Very unfortunate that there was not 2 or 3m more raised. Troy has the final nadir end of March, seems there are only three possible scenarios now.

1. renegotiate with Investec (which could be easier than thought as the options are due end of September)
2. if Austral takes up another 10% of Casposo no further funds required
3. funds via "trade creditors" i.e. government of Guyana or refund of vat ($3m)

The best thing for Troy to do now is to go slow in advancing OC but expedite trial mining.

Another problem is the mining schedule at Smarts. Operations should be positive for 1 or 2m per quarter until June. then 9m per quarter.