Ann: Capital Raising Presentation December 2018, page-91

Given the debt draw downs are quarterly and in arrears I think the interest payments will be less than you have calculated.

In any respect you highlight that $15-20 million would have been more than adequate and while you are at it don’t give it away for 25 cents.

I would have been happier if development had have been slowed right down. Spend the remaining $28 million on bolstering the drilling and feasibilty, consider scaled down Capex options where the high grade is mined through a smaller less capital intensive plant, wait for a recovery in the gold sector. That’s how you protect value. Tell the vultures they will need to keep circlimg. Play them at their own game. Problem is this company looks like its run by the vultures for their own benefit.

As I said I think we are building B2 Gold’s high through put plant to cater for all the low grade trash ore in the district and shareholders are now paying the penalty. That would all be fine with me without the obvious manipulation that has occurred.

If they want us to build them a plant, pay us for the service.

But you believe whatever you want to believe. I hope you are right and we can get 50 - 60 cents out of this. Apparently according to rumour we have already rejected this amount but don’t go believing the BS you here around the place.

If the company had already rejected 50-60 cents they sure as hell wouldn’t be dropping shares like confetti at 25 cents. What a great bollocking we’ve got in the last two days and expect more bollocking to come as they try and build a plant under a non-turn key contract. Esh