Ann: Webinair - Corporate Presentation, page-22

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Saxon123

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07/10/20

14:07

Post #: 47912324
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Originally posted by Hc88: ↑

Alistair presented clearly and to the point. Handled questions very well and fleshed out various points in the preso were he could.

A few comments and notes below for those who could not attend:
- Plant condition is not a concern and they are aware of what issues do exist. Power station needs some upgrades is it 20 years old OR power station to be run by a third party provider; this is the case at a near by mine. All costings for repairs etc and power station options are currently being obtained.

- Significant mining opportunities generating cashflow quickly, as previously announced. Substantial benefit having previous drilling data. Geology is complex and needs attention, time and resources needed.
- No expectation of further dilution, with more meaningful discussions for a working capital facility being conducted on completion of financial modelling.

- Goulamina Project not forgotten, time and resources currently an issue. Not plausible to sell the project to fund or part fund the acquisition at this stage. With further resources and cashflow soon to be more readily available the studies will be finalised and provided to third parties. Assume or sale or similar.

- Alistair very strong on creating value for shareholders, increasing his shareholding through this cr.

Webinar expected to be published Friday or early next week.

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Important to also note he mentioned that the new geological models that they are building are likely going to improve on the current estimated resource.

MLL Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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Ann: Webinair - Corporate Presentation, page-22

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