Ann: Quarterly Activities Report, page-21

I was the only shareholder to attend the last AGM in November 2014. Being held at Gladstone, and the only other shareholder living in the region (that I know) having a prior commitment, probably had a fair bit to do with the low turnout.

IK gave a rundown of where the company's projects were at. My first question was that he made no mention of Mt Mulligan. He did not go into reasons why ( I had little interest in Mt M as I gas prices were dropping and green activism was rising) but to say of the six company projects in the pipeline it was last on the list. He might have mentioned things like it required more time and money to get to production than the company's other projects e.t.c. Memory is a bit hazy there. Suffice to say Mt M was last on the list, and fair to say that a company scratching around for funds to get even its number one project (Norton) off the ground, which is near term and very low capex with a rising/high gold price should prioritise its limited funds.

I am sure I reported as such after the AGM on these threads. Also, little has been mentioned of Mt M in the company asx anns over the last year. Sure it did not get an asx ann when it perhaps should have, but I gather this goes on all the time. Where is Monash? And for that matter where is the $10 million line of credit that our company had only a few short years ago? It would appear that if nothing occurs you don't have to report that it did NOT occur?!?

As soon as Norton aqcuisition was announced, as an investor I had little interest in the goings on at Mt M. And am satisfied with the company directing its efforts and money towards Norton, other gold tenements while keeping the home fires burning on brown coal in Victoria.