Just come from the AGM.
Tea, coffee and sandwiches?
Um...sadly no. Only lollies and water again.
Same place, same time but with a couple of differences. Neil wasn't there (arrived just after we were all standing up to leave), my mate Valetta wasn't there, but a new addition in Bevan was.
Meeting was over almost before it started and Max to his credit, was apologetic in how long this is all taking to bed down a new deal.
Between last year and this year, they've looked at dozens of potential assets....15 of them seriously.
As he said, forget about anything 'green fields'. The market simply isn't interested. Modern day market wants 'brown fields'.....minimum.
I asked how much longer we could keep going financially, and Max said: "Not much".
He said they were looking at 3 potential projects but as usual, none had reached the stage of anything material that required reporting to the ASX. He still seemed confident however, that a deal would be reached. As Bevan chimed in, Ansila have 112,000,000 reasons to help 'get it done' and they certainly aren't here to lose money.
So, this time it's different?
Buggered if I know. Little we can do about it anyway.
As usual, I left the meeting feeling hopeful and slightly frustrated.
At least I was well hydrated though......and with minty fresh breath.
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