egm notes, page-14

As others have posted, much appreciated alew that is very useful information.

I have recently posted this:

"I do not envision this quarterly to be too bad icred... comparatively speaking at least. Aside from the relatively high cost price I am expecting positive things. The copper produced will be well above anything the company has produced before. Grade will be significantly improved, cost price slightly decreased and production through the proverbial roof. The forecasts should be suitable impressive also."

Your notes for the meeting is what I had hoped would be the scenario, improved results this upcoming quarterly but mcuh larger improvements to come in the following two.

They have stated they have had 1 month or 1/3 of the 1/4 at 1.3+%. They have also stated costs are reducing but indicated IMO not by a great deal so far. Increased production is a given, as the last quarterly they did not have 3000tpd for anywhere near the full quarter AND the improved grade will only add to this.

Could anyone please explain to me however what exactly "spinning off" armenia will entail if this is acted out and how it will be funded?

Why is the SP where it is? They forgot the 3rd main reason, the placement of such a large amount of shares with free options and therefore the urgent neccessity of such a large amount of cash.