agm

I went to the AGM and will note a few points of intrest:
- The issue is how to spend the capitl and cash flow.
- WH siad they have doen a lot of development at Renison more to go next year to make 20m(?)another then will settle down only need to spend 4 to 5 p/y.
- They expect Sn price to run up futher and strongly. $40/T mentioned perhaps tongue in cheek.
- Their gold prouvction will be as cash cost of approx $900/ oz as ALacer screwed it down hard in the last quarter. teking about $1400/oz 405 hedged.
- No decison yet on the decline at Rover.
- No indication on RDR's assets they rent bidding for it. - If someone else buys it they may see waht happens.
- Wrt Renisn Expansion thye're comparing at Hunan's box Sn fumer solution being lower capex less (maybe $60m less)than a conventiaonal fumer that would cost $200m.

So keeping Cash tight , lips tight. Careful measured expenditure.Presumably will take op's when they come. Cooky wasn't there.