RAIDEN RESOURCES LIMITED — Interim / Quarterly Report 2007

Jan 30, 2007

31 January 2007

Company Announcement Office Australian Stock exchange Sydney NSW 2000

Notes to the Appendix 4C - Quarterly Report to 31 December 2006 (ASX:MDM)

Over the past quarter the Company has continued to increase shareholder value through overhead cost reductions, the conversion of debt to equity and the purchase of a second income producing resort village - the Ashmond Villas, in Cooroy, Old.

Importantly, the Directors have ensured that a sound financial position is being maintained for the Company through a lower cost base. A detailed report on the Company's activities will be provided to shareholders in the forthcoming half-year review.

Dr Allan Shell Managing Director

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Amended 30/9/2001, 24/10/2005.

Name of entity

Medical Monitors Limited

ABN

68 009 161 522

Quarter ended ("current quarter")

31 December 2006

Consolidated statement of cash flows

Cash flows related to operating activities		Current quarter \$A'000	Year to date $(6$ months) SA'000
1.1	Receipts from customers	180	222
1.2	(a) staff costs Payments for (b) advertising and marketing (c) research and development (d) leased assets (e) other working capital	(86) (6) (13) (159)	(182) (6) (13) (608)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	Ť	58
1.5	Interest and other costs of finance paid	(130)	(212)
1.6	Income taxes paid
1.7	Other (provide details if material) – GST	47	47
	Net operating cash flows	(166)	(694)

⁺ 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)	(166)	(694)
	Cash flows related to investing activities
1.9	Payment for acquisition of:
	(a) businesses (item 5)	(1,793)	(8,167)
	(b) equity investments
	(c) intellectual property
	(d) physical non-current assets
	(e) other non-current assets
1.10	Proceeds from disposal of:
	(a) businesses (item 5)
	(b) equity investments
	(c) intellectual property
	(d) physical non-current assets
	(e) other non-current assets
1.11	Loans to other entities		(10)
1.12	Loans repaid by other entities
1.13	Other (provide details if material)
	Net investing cash flows	(1,793)	(8,177)
1.14	Total operating and investing cash flows	(1,959)	(8, 871)
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.		860
1.16	Proceeds from sale of forfeited shares
1.17	Proceeds from borrowings	2,276	8,383
1.18 1.19	Repayment of borrowings Dividends paid		$\overline{a}$
1.20	Other (provide details if material)
			9,243
	Net financing cash flows	2,276
	Net increase (decrease) in cash held	317	372
1.21	Cash at beginning of quarter/year to date	133	78
1.22	Exchange rate adjustments to item 1.20
1.23	Cash at end of quarter	450	450

⁺ 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	-108
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

Non cash consideration on the purchase of the business held in Shell Villages & Resorts Cooroy Pty Ltd:

Convertible Note Issued by Medical Monitors Ltd: \$2,370,000.00 Shares Issued by Medical Monitors Ltd: \$100,000.00

Conversion of debt and expenses on purchase of the business held in Shell Villages & Resorts BRT Pty Ltd:

Shares Issued by Medical Monitors: \$2,638,600.00

$2.2$ 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	1.000	1,000

⁺ See chapter 19 for defined terms.

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.		Current quarter \$A'000	Previous quarter \$A'000
4.1	Cash on hand and at bank	450	133
4.2	Deposits at call
4.3	Bank overdraft
4.4	Other (provide details)
	Total: cash at end of quarter (item 1.23)	450	133

Acquisitions and disposals of business entities

		Acquisitions (Item 1.9(a))	Disposals ( Item 1.10(a) )
5.1	Name of entity	Shell Villages & Resorts Cooroy Pty Ltd
5.2	Place of incorporation or registration	NSW
5.3	Consideration for acquisition or disposal	4,023,667
5.4	Total net assets
5.5	Nature of business	Manufactured Homes Village

Compliance statement

• This statement has been prepared under accounting policies which comply with accounting $\mathbbm{I}$ 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.

Date: 31 January 2007

Sign here:

Dr Allan Shell (Director)

⁺ See chapter 19 for defined terms.

Notes

• $\mathbb{I}$ . 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.
• The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this $2.$ 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 ٠
• itemised disclosure relating to disposals 9.4
• $12.1(a)$ policy for classification of cash items $\bullet$
• $12.3$ - disclosure of restrictions on use of eash $\bullet$
• 13.1 - comparative information $\bullet$
• $3₁$ 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.