At first glance the market seems to be saying that nothing you've done in the last 3 years matters one bit. On the other hand, it might simply be saying that you are facing a round of financing that will result in massive dilution.

Could you comment on:

Financing for current activities: which drill plans will you be able to complete, which still need financing?

Any financing offers

JV progress with partners at the Pipe targets or Lisbon?