egm notes

About 25 attended at Morgans.

My notes;

# Barrick will end up with 19% by vending the project
# this shareholding is not escrowed but MD seemed confdient they will stay medium term
# first cab is CRAIC deposit. 18k ozs. Obviously immaterial to Barrick but handy for RNG. To be developed with low capex, ie toll treating nearby.
# Mt Morgan has been an orphan in large co like Placer, Barrick since '98. Hence may be a sleeper.
# 1.2 m ozs produced at Morgans so logical to explore deeper and with modern techs given current gold price (few holes below 50 metres)
# ambition is to be gold and base metals co.
# Hegarty is new, give cred

Feeling : A handy play via the convertible notes, given those option incentives and the gold price.