Ann: Quarterly Activities Report, page-15

I learned in few years of investing to not expect too much from AGMs. Short term the elephant in the room is the exploration update and the new CEO name which will give a sense of direction. If they are able to unlock these 2 items, it can be good catalyst to rerate above 40c. Ullaring is the icing on the cake non-core asset, but RC campaign on teh cards. By memory last year AGM we were in the mid 30s with only 10M cash and 100% Manna. At the moment taking out the cash, Bombora is valued 20M$ Australian. Last year $AOP Lake Rebecca (40km away) was TO from RMS at 160M$ with 30M$ cash. Lake Rebecca itself with much less exploration and ounces (1Moz) was valued 120M and today Bombora is 20M$. Bombora is costing 40$/ounce or 64M$. We need CEO and BOD to demonstrate in a factual fashion that this is the greatest market inefficiency on ASX gold space.