Here the complete mailWe are doing all we can to improve...

Here the complete mail

We are doing all we can to improve operations and balance sheet. The last two quarters were poor but have made the way for us to have two good quarters in Sept and Dec. the deal with SOP helps with cashflow but also pays for the pre strip at Williamson so this should allow us to have a third good quarter in March 2020. By this stage the transition to sulphides will be well and truely on the way to create a con. Capex for this is secured by way of a prepaid offtake financing.

Once we start the production of a con and development of our sulphide ores the production run rate improves and aisc comes down and hopefully with a year or so we will be able to fund stage two which is the construction of a sulphide plant ( or refurb the existing Booz plant) and we increase to circa 250kozpa producer.

We had to make this change otherwise u der the current plan we would have gone broke.

There is also corporate plans afoot I cannot discuss but watch this space.

It’s a turn around story David and it’s going to be long and difficult but we will get there and restore value in the company for our loyal shareholders