Ann: RIU Explorers Perth 19 Feb 2019 - MD's Company Presentation, page-5

Yes, PW401, I agree re the cash . Seems the market is concerned too about the company’s need to raise cash in the near future. ... I also noticed what I thought was a somewhat defensive hesitation on the part of the MD when Wally Graham tried to pin him down on the scoping study .... Seems the offical line is still the focus on the gold, but WG managed to draw out from SJ the importance of the work that was done by ironclad in the past when it was an IO project ... and that the company may « reactivate » that in the future. ..... I guess managers and directors, like politicians, have to choose their words carefully, and moreso if commercial confidentiality is at risk. .... Just my interpretation. .. Guess the market will see the value eventually ...