It was a very short meeting with no presentation by PC.
All motions were carried.
A few questions were asked....
ON FINANCE: - PC said they were targeting an initial draw down of funds for the bulk earth works including dam construction - He added that in order to get the dam constructed by the wet season then that initial draw down needs to happen by the end of September to enable timely on-site mobilisation.
ON THE OPTIONS: - it was put the the Board that having the options exercised would be a desirable thing for the company. Before handing off to PC, Patrick Burke said he agreed with that proposition. - PC said that several requests for extension of the options had been received and that the Board had considered this with a "positive" result.
ON NICANDA HILL - NH is it still a low priority project which PC described as "world class"
TON Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
