Hi Scanspeak,Just come from AGM. Wayne said that he will proceed...

Hi Scanspeak,
Just come from AGM. Wayne said that he will proceed with both, - weather dependant, but main priority seemed the dewatering program, which is a 3 month program and will cost $3.5M.

Also, saw posted question on DFS. This will not be coming,due to cost. Very funny as as Wayne asked his banker (in the audience) would he need a DFS for a loan. Banker said yes, and Wayne replied to everyone , glad I do not need to raise money with a bank. DFS is very costly and not worth it due to no value (i.e no CAP raising required). If it cost say $100-500K then he would have thought about it. But as DFS costs Millions - use money more wisely elsewhere.

I am sure others will provide a more complete rundown of the AGM.

I am rushing off to another appointment, but very good AGM. My 1st and went for just over 2 hrs.

More confident than ever on my investment.

Regards,
Desie101