Ann: Landmark Deal On Costs - Mining Back On, page-43

I picked this last week, a deal wih contractors cutting costs, placement to SIs and a CR 1-3 so all LTHs can participate. Spot on. There was no other option.

Holding of reopeniin trading until EGM passes this even better, there was no way this would reopen early, again spot on. 20 June looks likely.

This is an excellent result = lower costs, profitable production, 3 mines by Dec at the same run rate with Lower or no debt.

I think many of you guys dont get it, Haplo & mickeebee & i explained it to you all yesterday....a CR will reduce debt, every $1 raised will reduce debt $1 and build balance sheet by $1 and thereby increase valaue and hereby MC by $1, there more CR the better, those who dont participate miss out on cheap shares and averaging down but then most will vote for it.

The EGM will resoundingly vote FOR this, AGO is BACK BABY!!! stronger, cheaper, faster, longer.....the cash at bank gets bigger, the 3 mines operating, yeeeaaahhh!

You guys , this is very bullish on reopen, the CR price is IRRELEANT, the more thre better for the compay balance sheet, the debt is finished wiped out mostly if not all.


Hoooray to Brinsden and the AGO team, they listened!