Ann: Quarterly Report and Activity Statement, page-6

Hi Red1ne, I attend the Sydney conferences and have met IL and Julie Y who both manage the ABX stand, and then subsequently posted my findings on here. IL spends time at the ABX stand busy working on his laptop, but if you ask to speak to him and introduce yourself as "a Shareholder with 5 questions" he will certainly talk to you. Mind you, it is your right to meet him as a Conference attendee, and in this regard Ian genuinely wants to meet Shareholders, more so than Tyre Kickers.

Good Questions from Hottin. Can I expand a bit on 2 of these ?

Q1. - Tasmania as a stand alone operation looks profitable, and well run. Is there potential for further discoveries in Tassie, or are you satisfied that it has been fully explored (within ABX selection guidelines of being at close proximity to the Port).

Q3. - What are IL's views on paying a dividend ? It will be interesting to hear his response to this, because realistically ABX will have to keep spending for years and years in an effort to grow sales. However, IL stated a few years ago he wanted to pay a maiden dividend, and in hindsight I think he would acknowledge this was wishful thinking. It would be interesting if IL can envisage a time in future when the margin between sales and costs grows to be wide enough to justify a dividend ?


GLTH