Taking a big hit today half yearly report is a bit...

Taking a big hit today half yearly report is a bit concerning..whilst the below statement is a (sort of) stock standard auditors respnse to the accounts it none the less is disconcerting::::

Going concern
The consolidated entity has incurred net losses after taxes of $1,616,025 (2009: $1,727,655) and experienced net
cash outflows from operations of $792,549 (2009: $830,986) for the half-year ended 31 December 2010.
These conditions indicate a material uncertainty that may cast significant doubt about the consolidated entity?s ability to
continue as a going concern.
The ability of the consolidated entity to continue as a going concern is dependent upon the ability of the consolidated
entity to raise additional funding, sufficient to fund exploration commitments, project development and to provide
adequate working capital for a further 12 months from the date of signature of this half year financial report. This
funding is expected to include direct funding by joint venture partners in permits and projects

Rob