Member Info for Awax

Thanks for the notes from the meeting cc.......much appreciated

Somebody need this cheaper?

Can't see where Ormonde owe $55m in year end accounts?

Mountains and molehills me thinks........talking of moles there's one massive thing up here at Woodsmith Mine! Looking into a hole being burrowed for some investors. Think I'm going to be impressed!

Who are these covenants to and how much is actually owed by Ormonde?

Thanks Slalom.....just considering the notes and my own analysis over a beer. Sticking with these and watching closely atb

Thanks for note Slalom.....can you please copy Davy note to here.....on the road today and struggling on phone?

Morning cp all good thanks.....still keeping the faith and accumulating more. Hope all good with you!

Some either can't or choose to misrepresent facts in accounts or from Oaktree deal. Not clever enough or just untruthful ?

A lot of misleading and inaccurate statements re year end, by those assuming investors can't interpret year end accounts!

Yes Sharewizz……….those were the ones smiling at the meeting yesterday

Responsibility……….in critical positions in the business
Ownership……….of the message
Belief……….in what was being said
Urgency……….or fast asleep
Safety………..after a nice lunch perhaps
Team………showing support for the message?

In my day such body language would have led to one getting ones 'hat put on straight'

I think the term 'walk the walk' rings a bell?

I feel as along term holder, probably longer than most, that it's not a lot to ask for...….many travelled a long way for this. And before someone says sell up...….no after yesterday I'm certainly buying more...….. soon. Balanced feedback only, with a personal observation.

You questioning what was said LIC or just putting a negative slant on it? Please let us have comment from your notes....I'm assuming you were present yesterday.

Good to meet Fastjet, Fosters and Ironman yesterday. I am sure other BB members were around.
Generally a professional and very informative AGM, but would echo the opinions that some of the board might have at least looked more interested. Maybe they were tired after all the recent efforts, but I have been involved in such meetings at a corporate level and without exception always found a greater enthusiasm and energy from all, not just those speaking.
Directly from my notes:
Great contribution to the UK economy with over £355m spent and £200m of this locally in the region
900 employees directly involved in project, another 245 indirectly
Approx. 80,000 shareholders ( hoping we might have enough members attending next year to hold AGM in York Barbican………hint hint to bod )
Target is late 2021 for first production, with incentives for all to achieve March 2021, but without indication that I can recall, that they are any reasonable distance ahead of timescales. Too early for that, but see next note.
Redcar Mudstone is where the TBM is operating through. They are finding a straightforward operation due to this type of rock and as such should help in achieving good progress ahead of target production. Local Boulby mine had significant excavation of similar stone and apparently they managed without lining the shafts? Not sure whether not needing to ‘grout’ was mentioned ( perhaps Myo can elaborate on this )
Worldwide distribution network, tailored/relevant to local conditions( eg Brazil, India 55m farmers!! )
Potential to combine with other existing competitor’s products for their enhancement. I expect announcements of this perhaps in the coming months.
2021-2023 CF perhaps to move on and hand over to a mine “operator” as CEO
Confirmed that IPA was a major hurdle before Stage 2 deal. Sirius could not wait for our beloved politicians ( my words ) otherwise the mine progress would have ground to a halt ( and perhaps govt have decided to limit support to the Northern Powerhouse, to putting USB points in the old steam trains up here ). Quoting “If government had acted in an honest way”……whatever that means from CF??
Slide 17 a good illustration of funding………..with contingency of $1bn. I am hopeful that the board with the support of its contractors can minimise the use of this and certainly not overspend to the same degree as our aforementioned politicos/government depts.
Another quote which interested me was that the SP is……… “So far from fundamental value”. Having attended the meeting I am more confident in the progress of our company. The board seem to be very professional and approachable, but some need to be more of a board than bored.
Finally Fastjet, I believe the surname was Warters not Lotus………………8.38 Friday morning post.
Best wishes to all investors!

Pending additional permits.

York Tap is at the station just opposite Principal Hotel. Probably be around at about noon for the 1pm meeting.

Just checked and even Condor's own website still shows IFC as holding 4.6%...…...proper information for pi's is certainly hard to find/trust. I wonder why they call AIM a casino?

Last TR1 11th April and a lot has changed hands since. No new notification on who is holding both IFC or those sold in recent days?

MC will only wait so long for B2, with Plan B waiting in the background for progressing this to revenue. Would be good to come to some short term/interim solution, but only at the right price. B2 can mothball their plants if they cannot produce worthwhile gold from their rocks. Losing money at $1200+ AISC cannot be good business practice eh?

Needs US finance and access to the relevant ears imho