AGM snippets;Toko confirmed today that they had focused...

AGM snippets;

Toko confirmed today that they had focused attention on getting production/ sales/ profits up to a successful level, strong focus on H&S, employee welfare, community support etc, but acknowledged that they now needed to build shareholder returns & confidence. Richard confirmed his strategy of under forecasting but hopefully overdelivery of target profits/EBITDA. Also said had been difficult to build meaningful Insto traction, as BRL had basically nothing to offer them in terms of money making opportunities like capital raising, debt raising etc. Now had one Broker showing interest. Buller project still firmly on target but acknowledged desire to fund out of cashflow rather than debt. Still had consent process to go through, so this will not be easy & expect a 2 year process/battle for that. Was confident of greater than 50% chance of winning L&M appeal case, and had (with legal team input) convinced auditor (present & confirmed) sufficiently for them not to insist on creating provision for contingent costs of losing appeal, so a small confidence builder we can but hope.