Ann: Capital Raising Presentation December 2018, page-74

We shouldn’t be talking 25 cents at all with the ore body we have got.

Anyone really looking after shareholders interests could have made us all rich from this deposit. A smaller development on the M1 open pit and UG ore body with less capex could have given us all very good returns for a very long time. It’s one of the richest depoists in the world and this is what we get!!!!, a shafting. The only shaft that should have been built should have been the one down to access the ore. We could have mined this deposit using a shaft and cheap African labour using conventional means and still made a fortune. Forget about all this stupid Capex.

We seem to be building the mine for the acquirer, with the constant expansion of its through put but we are getting zero reward for doing so. In fact we are being shafted all the way. The money raised from the equity raising and the expanded mine design will belong to B2 Gold before we get any benefit from it. Who is this board working for???

This is the most appaulling and unexplained share give away I’ve seen for a long while.