RAIDEN RESOURCES LIMITED — Interim / Quarterly Report 2006

Jul 30, 2006

Notes for the Appendix 4C Quarterly Cash Statement for 30 June, 2006

MEDICAL MONITORS LIMITED (the "Company")

ASX: MDM

As previously announced to the market, the Company has recently entered into an exciting new phase of business opportunity, with its involvement in the 'over 50s' resort style gated communities. A one off deposit of $300, 000 has been paid during the quarter for the intended purchase of the Brisbane River Terraces project (BRT). as developed and completed by Resort Lifestyle Developments (RLD) of Queensland

The principals behind RLD have more than 20 years experience in the building development and marketing of commercial property, particularly for the low to medium density 'high quality' end of the residential sector. Over the past 3 years, RLD and its principals have already completed a number of major projects in NSW and Queensland prior to their recent association with the Company. These projects totalled more than $30 million at the time of sale.

The BRT project will provide for ongoing annual rental income to the Company and, coupled with payments to be received from sales revenue for manufactured monitoring devices delivered the USA-based monitoring service, will further support the Company's activities. Importantly, other expenses incurred during the quarter were in line with expectations.

Subsequent events for the quarter to September 30, 2006, will show an inflow of funds of more than $500,000, that has accrued over the past months from the Company's overseas business in monitoring services, as well as the anticipated first payment (for the recently announced MOU) for the licence and distribution rights for the Australian monitoring service.

The Directors believe that sufficient funds, and other financial arrangements, are in place to provide for the payment of accounts as and when they fall due. The Directors further believe that there is a sound financial base for the Company to continue with its current programs, in Australia and overseas, and that the Company will benefit from the increasing sales revenue anticipated over the coming months.

The Directors are confident of the continuing success for the Company's products and services in Australia and internationally, and will keep the market informed of anv new developments.

Dr Allan Shell Managing Director

Medical Monitors Limited Suite 407 Office Tower Westfield Eastgardens Eastgardens NSW 2036 Australia Tel 02 9344 8100 Fax 02 9344 8200 www.medmon.com.au

$Rule 4.7B$

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001

Name of entity

Medical Monitors Limited

ABN

68 009 161 522

Current quarter to

30 June 2006

Consolidated statement of monthly cash flow

Cash flows related to operating activities		Current Quarter$A'000	Year to date$(12$ months)SA'000
1.1	Receipts from customers	33	628
$1.2\phantom{0}$	Payments for(a) staff costs(b) advertising and marketing	(94)	(368)
	(c) research and development(d) leased assets
1.3	(e) other working capitalDividends received	(316)	(1511)
1.4	Interest and other items of a similar naturereceived
1.5	Interest and other costs of finance paid
1.6	Income taxes paid
1.7Other (Govt Grants)		7	21
	Other (GST Refund)		40
	Other (ATO R&D Refund)		238
	Other (EMDG Payment)	46	46
	Net operating cash flows	(324)	(906)

+ See chapter 19 for defined terms.

		Current Quarter$A'000	Year to date(6 months)$A'000
1.8	Net operating cash flows (carried forward)	(324)	(906)
1.9	Cash flows related to investing activitiesPayment for acquisition of:(a) businesses (item 5)(b) equity investments(c) intellectual property(d) physical non-current assets(e) other non-currentassets	(280)	(280)
1.10	Proceeds from disposal of:(a) businesses (item 5)
	(b)equity investments(c) intellectual property(d) physical non-current assets(e) other non-currentassets
1.111.121.13	Loans to other entitiesLoans repaid by other entitiesOther (provide details if material)	(18)	(667)110
	Net investing cash flows	(298)	(837)
1.14	Total operating and investing cash flows	(622)	(1743)
1.151.161.171.181.191.20	Cash flows related to financing activitiesProceeds from issues of shares, options, etc.Proceeds from sale of forfeited sharesProceeds from borrowingsRepayment of borrowingsDividends paidOther (Security Deposit)Net financing cash flows	796(105)691	104675633(105)1649
	Net increase (decrease) in cash held	69	(94)
1.211.22	Cash at beginning of quarter/year to dateExchange rate adjustments to item 1.20	40	203$\overline{\phantom{a}}$
1.23	Cash at end of quarter/year	109	109

+ See chapter 19 for defined terms.

Current Ouarter

٦

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		$A'000
1.24	Aggregate amount of payments to the parties included in item 1.2	49
1.25	Aggregate amount of loans to the parties included in item 1.11

1.26 Explanation necessary for an understanding of the transactions

Consultancy fees paid to research entities controlled by directors.

Non-cash financing and investing activities

• $2.1$ Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
• $22$ Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

		Amount availableSA'000	Amount used$A'000
-3.1	Loan facilities
-3.2	Credit standby arrangements	1.000	nil

+ See chapter 19 for defined terms.

Reconciliation of cash

Reconciliation of eash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.		Current Quarter$A'000	Previous Quarter$A'000
4.1	Cash on hand and at bank	101	107
4.2	Deposits at call
4.3	Bank overdraft.
4.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	101	107

Acquisitions and disposals of business entities

		Acquisitions(Item $1.9(a)$ )	Disposals(Item $1.10(a)$ )
5.1	Name of entity
5.2	Place of incorporationor registration
5.3	Consideration foracquisition or disposal
5.4	Total net assets
5.5	Nature of business

Compliance statement

• $\mathbf{1}$ This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• This statement does give a true and fair view of the matters disclosed. $\overline{2}$

Sign here:

(Director)

Date: 31sr July 2006

Print name: Dr Allan Shell

+ See chapter 19 for defined terms.

Notes

• $\mathbf{1}$ The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• $\overline{2}$ . The definitions in, and provisions of AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.
  • 6.2 - reconciliation of cash flows arising from operating activities to $\bullet$ operating profit or loss
  • $9.2$ - itemised disclosure relating to acquisitions
  • 9.4 - itemised disclosure relating to disposals
  • $12.1(a)$ policy for classification of cash items
  • $12.3$ - disclosure of restrictions on use of cash
  • comparative information $13.1$ $\bullet$
• $\overline{3}$ . Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

+ See chapter 19 for defined terms.