Ann: Cost Optimisation Delivering Significant Savings - Goulamina, page-44

Boy1 it was beyond huge imo ( need saachz to fill in the superlatives) it is the day that now bgs and it’s management have truly delivered and confirmed it is is now in ambitious and reliable hands. Cost savings unlike drill success is where management could be truly held accountable for and thishighlights the difference in quality of previous to current management. The stigma on bgs should now be gone. The reason I’m focusing on management is when I first looked at bgs it was a market darling. High grade nice resource with potential for upside. Then the chaos and near tragedy from a corporate bailed out through the initiative of major holders. The pfs had to be delivered after being heavily promoted but it tainted the company and the new board (unfairly) and meant no real Insto support and it was a trading stock. A lot of this was because bgs was still to gain credibility- that has changed and this was what put the stamp on the ability of management. The improved pfs isnow a given. So is the resource update. Now to officialise the results in may /June and then get some offtakes.

Note the difference in absorption in the 49-53 levels this time in the face of selling pressures. Now to set a base.