Ann: US$1.55M Working Capital Raise and Board Changes, page-11

Makattack......very well explained.......and yet so many of our fellow S/Holders still don't accept and understand what's really happening here.

I suspect that they probably needed the funds to top up & buy more ore as they were most likely not attaining production targets and anticipated positive income streams....which in turn IMO could mean that production costs have NOT been reduced and now could have increased the overall production all in costs ".

So much for their own gold veins, ore production and costs / predictions......seems like this could be almost like Brazil all over again !!!!

I also would like to know the full story as to why Dr L has now resigned from the Co at this point of time......especially given that's it's just before this Quarterly comes out.....?????..............I just hope that the q/report gives full and frank disclosure on all these issues/matters

As usual DYOR