I went along to the AGM. I won’t quote anyone but what I personally took out of it was that a resource update will come at some point next year. Apparently hard to do as a junior and would be to expensive and time consuming when energy’s and funds better directed. In an area that is typical for 5-10 million ounce reserves who knows where this may end up after a few years of drilling. The recovery of gold from gravity has been better than expected with upside to that. Also with the grades of gold I get the felling that we may end up with overall grades better than 6grams a tone / more than 200k ounces of gold a year. Div’s were discussed and this can only happen once debt is paid back, to what extent I’m not sure and the company starts to pay tax so they can pay franked div’s. I take my hat off too the management team at Bellevue. They where all very approachable and more than happy to hang around and chat at the end and felt it was well worth the time to go along and will do again. Can’t help but be a little bit excited. Best of luck to all invested.
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