RAIDEN RESOURCES LIMITED — Interim / Quarterly Report 2007

Apr 29, 2007

Company Announcements Office Australian Stock Exchange Ltd Sydney NSW 2000

30th April 2007

MEDICAL MONITORS LIMITED (ASX:MDM)

RE: NOTES TO APPENDIX 4C - QUARTERLY REPORT TO 31 MARCH 2007

The Company has over the past quarter continued its focus on cost reduction, the conversion of debt to equity and increasing revenues from the two major assets - Shell Villages & Resorts BRT and Shell Villages & Resorts Cooroy. The Directors believe that the Company continues to move forward in a very positive form providing a very stable financial position for continued growth.

Lynn Thompson COMPANY SECRETARY

$Rule 4.7B$

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001, 24/10/2005.

Name of entity

Medical Monitors Limited

ABN

68 009 161 522

Quarter ended ("current quarter")

31 March 2007

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarterSA'000	Year to date$(9$ months)$A'000
1.1	Receipts from customers	189	411
1.2	(a) staff costsPayments for(b) advertising and marketing(c) research and development(d) leased assets(e) other working capital	(91)(1)(13)(421)	(273)(7)(26)(1,029)
1.3	Dividends received
1.4	Interest and other items of a similar naturereceived	5	63
1.5	Interest and other costs of finance paid	(197)	(409)
1.6	Income taxes paid	265	265
1.7	Other (provide details if material)		47
	Net operating cash flows	(264)	(958)

+ See chapter 19 for defined terms.

		Current quarter$A'000	Year to date(9 months)$A'000
1.8	Net operating cash flows (carried forward)	(264)	(958)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a) businesses (item $5$ )		(8,167)
	(b) equity investments
	(c) intellectual property(d) physical non-current assets		(270)
	(e) other non-current assets	(270)(4)	(4)
1.10	Proceeds from disposal of:
	(a) businesses (item 5)
	(b) equity investments
	(c) intellectual property	40	40
	(d) physical non-current assets
	(e) other non-current assets
1.11	Loans to other entities		(10)
1.12	Loans repaid by other entities	4	4
1.13	Other (provide details if material)
	Net investing cash flows	(230)	(8, 407)
1.14	Total operating and investing cash flows	(494)	(9,365)
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.	304	1,164
1.16	Proceeds from sale of forfeited shares
1.17	Proceeds from borrowings	200	8,583
1.18	Repayment of borrowings	u,
1.19	Dividends paid
1.20	Other (provide details if material)
	Net financing cash flows	504	9,747
	Net increase (decrease) in cash held	10	382
1.21	Cash at beginning of quarter/year to date	450	78
1.22	Exchange rate adjustments to item 1.20	u,
1.23	Cash at end of quarter	460	460

+ See chapter 19 for defined terms.

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

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

1.26 Explanation necessary for an understanding of the transactions

Payment of directors fees during the quarter.

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

Debt to Equity Conversion $568,000.00

$22$ 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 available$A'000	Amount used$A'000
3.1	Loan facilities	6.183	6,183
3.2	Credit standby arrangements

+ See chapter 19 for defined terms.

Reconciliation of cash

Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.		Current quarterSA'000	Previous quarterSA'000
4.1	Cash on hand and at bank	460	450
4.2	Deposits at call
4.3	Bank overdraft
4.4	Other (provide details)
	Total: cash at end of quarter (item 1.23)	460	450

Acquisitions and disposals of business entities

		Acquisitions(Item $1.9(a)$ )	Disposals(Item $I.I0(a)$ )
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

• $\mathbf{I}$ 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.
• $\overline{2}$ This statement does give a true and fair view of the matters disclosed.

llar

30TH APRIL 2007 Date: ....................................

Sign here:

(Company secretary)

.......................................

LYNN THOMPSON

Print name: .......................................

Notes

+ See chapter 19 for defined terms.

• The quarterly report provides a basis for informing the market how the entity's activities have $\mathbf{1}$ . 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.
• The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this $\overline{2}$ . report except for the paragraphs of the Standard set out below.
  • $6.2$ - reconciliation of cash flows arising from operating activities to 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
  • disclosure of restrictions on use of cash $12.3$
  • $13.1$ - comparative information $\bullet$
• $\overline{3}$ . 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.