how did the agm go?, page-2

Roger,
Yes I enjoyed it, especially listening to Don Taig - his answers came across direct and open. Sorry no notes and on a timeline so here are a quick few points.

The treasure island presentation was very good by Dean. Country Writer explained it well the other day, however for us non geos it is easier to see a picture. Check out the agm upload tomorrow - I liked the aeromag with the overlaid drill holes. See how many holes are pending - yes there will be some announcements coming. Still will take some time though.

There were about half a dozen questions - ranging from Grannys OPA, 100k oz guidance change, buy back shares, Stone holding, future credit raisings, cash costs and shareholder value.

Obviously Granny OPA and Stone holding is confidential so we didn't get much there apart form them saying they were happy with the Granny agreement. They have had 1 meeting with Stone thus far.

Someone asked about a share buyback. They mentioned there intention was to link a re-construction with a transaction. It went along the lines of the transaction being the Crescent takeover which is not complete yet. Something will be done - it is just timing.

They mentioned they did not see costs going much less than $900/oz at Coolgardie.

The credit raising went along the lines of it was not their intention to do so (in the next year?). The 85k oz guidance I will let kentwang answer (didn't quite catch everything). Main dissappointing thing was some guidance on Dec qtr Oz at 20-25k oz. Some weather issues I believe so using stockpile dirt. Maybe the mount is still ramping and oz slightly less than expected(?)

Overall very happy to see some Treasure island details. I suspect Don may have had a chat to Campbell about setting 2012 Coolgardie target to 100k Oz to make sure we hit our target next year and keep the market happy!