AGM report

This is only my account, for any one interested.

All resolutions carried.
Some interesting facts re Helix. This is their 30th year of operation and not once was there a consolidation.
The Directors between them have bought on market 24 million shares between them.

The NSW present drilling programs success with the recent brilliant results was the result of
technical work to understand the geology with reference to the previous holes.
They obviously got it right!
CRA were drilling in the same area and gave it up 30 years ago,they and as was stated were " on the wrong side of the fence ". Helix are on the "right side" - either good analysis or luck.
The next phase is to do an immediate diamond drill follow up before Christmas -so not mucking about.
They have met with 5 brokers in the last few days and essentially the Company wants to be conservative
as to potential size etc.
A chap associated with peel who has similar ground in the same region commented how much better
the results are ( considering they have drilled at lease 100 holes ) as the grades are from
the surface, whereas peel has needed to go much deeper!
Peel chap mentioned that often the grades get better the deeper you drill.
The JV with EPG is progressing swimmingly and results should be back in a week ( 30 day turn around )
They went with EPG as,they have a great team and communicate fully with Helix.
They also are very keen to progress the program in good time and obviously as operator to
bring in another drill ( to go deeper essentially ) says something.
All in all an enjoyable meeting with switched on management.

Cheers
GLA