Ann: Quarterly Activities Report and Appendix 5B, page-41

I'm just checking your figures for BLK debt @Hiddenvalue....

$15.9m + $12m (fully drawn Working Capital Facility 'Loan') = $27.9m @ 30/06/19
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$1m (Maca Repayment)
$1.5m (Lind Repayment)
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$25.4m Debt remaining

The average gold sales price was shown in the Mar'19 quarterly as $1667 /oz & by way of total contrast, the average gold sales price achieved for the Jun'19 quarter is 'missing in action'....11,478 oz sold @ $???? /oz. I wonder why they decided not to disclose the average gold sales price for the Jun'19 quarter?

The other opaque detail I thought was a bit interesting was dot point no.6 under the 'Corporate' heading on page (2) & specifically the commentary....'Blackham is progressing a number of discussions....some of which may include change of control'.

Overall, I think the Jun'19 quarter turned out to be worse than expected. It'll be interesting to see what the magnitude of production contrast is between FY19 (65,406 @ AISC $1,760 /oz) & management expectations for FY2020.