Here are my dot points from the presentation:Bill acknowledged...

Here are my dot points from the presentation:

Bill acknowledged they had to severely contract personel, this was to ensure a sustainable level could be reached if the projects were delayed for any length of time. Sustainability i.e neutral to profitability would be acheived in 2 months at current levels of production. staff were cut from 2,200 to 200. Hopeful of employing people back when things improve.

Staff have taken 20% pay cut.

Expectation of finance approval within 6-8 weeks all going well. Acknowledges share price reflects broad based scepticism that financing will be difficult to arrange, he thinks 'we may surprise quite a few people'.

Same people involved from World Bank are involved in arranging finance facility. These people fully understand Anvils history and people involved, no better 'champion' could be arranged for getting financing concluded.

$200 million to be fully debt financed, no dilution (if all goes to plan).

Kinsevere extremely good deposit, projected cash costs to be $0.88 per pound once project completed.

Expected completion of project if funding received to projections Q4 2010.

Company in a position to wait until things improve and debt more easily available if need be.

I may be able to add more but I need to cut and run...

regards
Flats