Ann: Term Loan Repaid, page-76

So AGM Friday week.
This should provide an update on current trading.
I will keep adding to my position this week, got my 75,000 today and have another order in for 100,000 at 11.5 cents.
If someone in HC land wants to sell.

I am holding over 2.5 million shares now and I like others here have stated will be a long term holder expecting capital gains and a fully franked dividend in the near future.
I like the sound of capital management initiatives.
I have been buying in full knowledge of the recent and future dilution.
I like the huge resource, low mining costs , access to ports, mix of domestic and export customers, zero debt ,and of course the export growth potential through Sullivan’s and escarpment.

But the big one for me is in the near and long future I will be on holiday somewhere relaxing and I will be able to look back and reflect on what a great decision I made in purchasing shares in BRL and adding at theses now IMHO low prices.