Ann: Quarterly Activities Report , page-6

I believe the high burn rate last quarter would be attributed to a number of the management and staff being paid out when they left, and as we know parachutes in the mining industry are better than golden.

However, can someone explain to me what the production costs of $1.25M are attributed to, and forecasted for the upcoming quarter as well. Forgive me if I am wrong but don't you first need to have an operating mine-site and then you can attribute production costs to it - where is this money going to???

Also, nice to see that money is flowing back to Hanlong, does this mean next quarter we will see the same??? (It's starting to make sense now why there has been such a massive Board turnover of directors just leaving after a short tenure and numerous replacements of Company Secretaries - as something doesn't smell right here). I bet this quarter we will see another 'loan' repayment to Hanlong until the MOL bank balance becomes $0. At this rate there will be nothing left in the company by end of 2014 - very disappointing indeed and a massive burn rate.

Finally, has anyone heard more on the status of Mr Liu, the ASIC arrest of fugitive Xiao, etc as surely these issues need to be cleared up before any confidence is returned to this stock and the company move any direction forward?