Ann: 30 June 2018 Half-Year Financial Report, page-18

As a past auditor myself, I can confirm this is a very standard opinion to issue for companies like BGS or in the mineral commodities space (evaluation stage). It’s basically saying the accounts are fine, but we need to raise money to keep the company moving forward for the next 12 months, which we all knew.

Good to see some positive rhetoric about potential financing and offtake, saying that doors are “open”. Guess it’s just a matter of which door we walk through, and with such robust economics in the PFS, I would hazard a guess that probably even the worst option we have presented, would still unlock a lot more value than the current SP.

Just imagine if we get a tier 1 option/partner. I think this is what the board is aiming for.

Good to see the bottom is in for BGS.

What’s that saying? Buy low, sell high?

Boy.