Ann: Beacon Enters into Forward Gold Sales at $2,729 per Ounce, page-61

Good chance the quarterly report will be out Monday. I am assuming people are buying it hoping to get clarification on MacP drilling, Geko update, Timor update and overall performance.

I don’t expect any more acquisition until Geko resource update, LOM update, unless super cheap. Last 2 acquisition was 14m and 8m. Current cash in Dec was 5m.

Lots of small mining companies in the area need cash, where BCN could help (HRZ GSR). But management don’t like JV’s.

Lady Ida - we will need to watch OBM, cashflow. If cashflow positive they won’t be selling Lady ida.

BCN is cheap, but management need to show to the market it’s worth investing in. Need to sell the business plan to future shareholders. Current market is looking for risk on, BCN management are risk off.

LOM is the key to me.. can’t sell to long term investors with a 4-5 year life.

DYOR