f&b and our chair

Morning all, hi f&b

I have started this new thread because I don't want to pollute the other thread.

First I will answer your question and then make an offer to all.

First up "Pinto, do you think they will process slightly higher grade sthis quarter just as a precaution to gold going lower, as opposed to concentrating on using up as much of the low grade ore as possible to date."

f&b, I have no idea. I spoke to Don on Tuesday (I think) - I don't know who makes these decisions - I assume what is processed etc. when the gold is sold etc. are all management decisions - not board decisions - so I can't help.

What I can say that Don said - and apologies to Don if I have this incorrect - but it went something like this - it was during the conversation where he told me there was a bit of physical around and that would clear soon - he said he didn't mind storing gold when it was ????? $1550 - he said why would you want to sell it when you know $1620 is around the corner.
I didn't question that at all - all I got from it was that it was a desired position and that we were NOT concerned at all about the cash flow position - Don did not say anything like that - it was just the feeling I got - you know, when you listening to someone speak and they say something like that and a little thought goes through you mind saying, - well we sure ain't stressed atm. if that's the thinking.

Sorry, f&b that's the best I can do for you.

Now to why I made this a new thread.

I spoke to Don Taig also back just after the 1/4 report came out -- I have relayed that conversation on this forum -- however, one thing I did say to Don was that some of us might have some questions about the report or the company - his response was - if there were any queries - get them together and give me a call.

Well - as it happens - myself and another member on hc will be meeting with Don in early June - on another matter.

For those who don't know - Don Taig is our chairman - Don formed this company, along with Chuck.

Don knows more about the whole company than any other person.

So, I make this offer ------------ if anyone has a question that they want answered right from the horses mouth - then please write it/them down and I will discuss them with Don.

I know it's obvious, but please bear in mind a couple of things ----- Don will not be able to answer anything material that hasn't been released.

Also remember he is top level board - not management.

He will be able to give his philosophy on where he is taking the company - eg. his philosophy on dividends - but he will not give a timetable nor any detail -etc. etc.

This is an open, honest and honourable person - please bear this in mind when you frame your questions.

I will try and administer this thread myself - however, if it becomes too ungainly, I may have to ask for assistance as I have a few projects on at present and will be leaving my base for Melbourne next week. There is no need to hurry through your questions - but it would be good to get them sooner than later.

Late next week I will be working from an ipad only - and believe me I do a lot less on that then on the puter.

Anyway all - there is the offer.

I hope you all have a great w/e

Pinto