Manila Times, page-6

Good to see you here mate. It’s definitely a slow build and plenty of selling pressure last couple of days, someone has lost patience. Operationally I think Q2 will be the bottom - Haile will still be in the low grades, didipio still closed, Waihi is being parked up and Macraes has had covid delays in April and still yet to get into the UG.

I think we’ll start to see green shoots in H2, Waihi studies, Macraes UG studies, Haile enters better grade ore and capital investment begins to bear fruit, Didipio who knows - wild card, hedges run off and prepay get delivered. Next year hopefully we see both Waihi up and going and Didipio back cranking and Haile humming. To be determined.