Ann: Jaurdi Gold Project June Quarter Production Update, page-49

i dont like the deal for IDA.. i think its overpriced, and I think it will require a no vote for us to see a better deal arranged.
Is it beneficial.. yes.. but it could be a lot better than whats on offer

what are we getting out if it?... 5 years production...2 years of lower prod for us but at higher grade.. followed by 3 years of 1.7 g/t (assuming it doesnt get significantly downgraded in the wet / dry conversion..
1.7g/t on the face of it is not bad.. but it isnt equivelent to 1.7g/t form Jaurdi.. it has transport costs on top.

worst case scenario.. the deal goes through and we extend LOM for 5 years without dilution or debt.. but at a loss to our annual production being rerduced for 2 years.

as it stands I'll be voting no, and if our share price isnt addressed by the AGM i'll be voting down the remuneration report too. the way they are handling the corporate side of the business we will be left behind in the gold miners bull run if they dont get their act together on it.