balamara resources. our new asx code: bmb, page-24

Timely1,

You raise some very good points so it's worth elaborating on them a bit more.

You say that you prefer stating facts rather then fiction.

100% agree and since I've written quite few posts lately re SSC, I'm more then happy to be scrutinised by others about what I write so please feel free to let me know if you believe that I have posted something which is not 100% true.

Now to the 3 issues that you've raised:

1. AGM's are important events and the entire Board should be present.

If I recall, the whole Board was present at the last AGM (in November).
At this EGM both Derek and Milos were absent as they were working for us o/s.
I think that that's more important then being here to attend a meeting.
Mike is a VERY capable man and handled the EGM perfectly.

2. Prefer to see the Coy bed down or flip some projects and build on the cash balance as this seems to be the Mkts darling thingy at the moment.

From the EGM, it was quite clear to see that the Coy is juggling things the best way they can to get the best possible outcome for us in the shortest possible time, to preserve the cash in our bank account and to minimise any further dilution.
Like I said in one of my posts, they are working on something with regards to Monty but they are very tight lipped about it.
They are also looking at flipping Peelwood and Elsinora which is exactly what you are talking about.

3. Appreciate its s/h.

They do appreciate the proper long term shareholders and I don't have any doubts about it. The Directors are our biggest shareholders which means that our goals are the same. If the directors make money, so do we.

I just wish all you guys could have been there at the last meeting.

I don't think anyone walked out of it with their head down.

Good luck to all holders.