RE: Transcript of AGM30 Jul 2023 10:35
If it's still unclear, then perhaps you can submit it again, but basically I hope that my answers to
the written questions
now will deal with most of the ones that are even being asked today.
So the first question is very specific, and it's asked about a proposal from a credible party which
we received in May 2021,
as to whether this particular credible party was still in act of negotiations with us,
and the answer is yes, that party is still in negotiations with us.
The current question regarding our cash and assets was based on what is our productive
monthly cash part.
I prefer to answer the question a different way, that at the present time the company has
sufficient cash to meet its outgoing for the coming year,
including returns from the currently unsold concentrates.
Regarding reserves and resources, we've had no updates that the JV expired on 26th of
February.
This is the Rosgeo JV.
Well, that's quite straightforward.
We cannot produce reserves and resources figures for deposits we do not own.
The site reflects the expiry of the Rosgeo agreement, and that reserves and resources for those
projects in that pipeline are gone.
Then another question relating to the board, and whether the changes in the board will result in
an increase or decrease of expenditure.
Well, we have one less executive director on the board, and we do intend to appoint a new
CEO, but following the sale of the assets,
that's our plan at the present time.
There's a question here about the MT Open Pits plan, and when is the due for completion?
This work is ongoing, and we're still compiling a lot of new data and interpreting this new
information together with the historical data,
and at the moment we don't have a deadline for this work.
There's a question about NYUD, which was the one project which advanced under the Rosgeo
joint venture during the period of the JV,
and the answer is, is there an expiry date, and have we paid for our entitlement, and so on?
And basically, as we said in the annual report, no final decision has been made with respect to
NYUD.
The amount paid for NYUD is the total cost paid for the Rosgeo agreement, and does not
include any management time on our side for external reporting.
There's a question here about why did the board not earlier informe shareholders with the two
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