Ann: Half Year Accounts , page-2

After reading this:

Going concern

This report has been prepared on the going concern basis, which contemplates the continuation of normal business
activity and the realisation of assets and the settlement of liabilities in the normal course of business.

The Consolidated entity has incurred a net loss after tax for the period ended 31 December 2013 of $7,971,193 (2012:
$490,784) and experienced net cash outflows from operations of $131,428 (2012: $866,913). As at 31 December 2013,
the Consolidated entity had cash and cash equivalents of $274,157 (30 June 2013: $169,741) and net assets of $373,585
(30 June 2013: $8,892,716).

The Directors believe that there are sufficient funds to meet the Group’s working capital requirements and have put in
place measures to reduce costs and raise capital after year end.

However, the Directors recognise that the ability of the Group to continue exploration activities and to pay its debts as
and when they fall due is dependent on the ability of the Group to secure additional funding through the issue of future
shares or options or collecting funds due from the sale of exploration assets sufficient to meet the Group’s expenditure
commitments.

Based on the above, the Group is confident that it will successfully raise additional funds to meet its financial
obligations in future period. In the event this does not occur, the Group may not be able to continue as a going concern
and realise its assets and extinguish its liabilities other than in the normal course of business and in amounts different
from that stated in the financial report.


MY QUESTION IS, HOW??????????????????
We have nothing in the bank, a market which is not interest in these types of companies, management which has done nothing right and exploration ground- which though promising needs cash and experience- something we don't seem to have. Perhaps management could make a trip to the casino or newsagent and put a few hundred K on red or get a few slikpiks. Better chance! Sorry for negativity but would be glad to be wrong.