Ann: Amendment to Investec Loan Repayment Schedule, page-19

We know this report will throw a couple of posters here into a spin.

The FCF is not what we want, but with gold down you couldn't expect Q3 & 4 to be maintained.

Positives are the support from Investec and Creditors can be reduced. Q1 2019 will be insightful on this front.

We need a full update on exploration budgets and targets. With only $1M spent last year the delay in debt repayment should allow a big spend in proving up reserves.

Still a long road ahead.

Go Eagles & Storm