Good day, ladies and gentlemen, and welcome to Centamin Q1 2024 Results. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session through the phone lines, and instructions will follow at that time. I would like to remind all participants that this call is being recorded. I will now hand over to Martin Horgan, CEO. Please go ahead. Thank you very much, and good morning, everybody, and thank you for taking the time to join this first quarter update of Centamin's activities. A busy quarter successfully navigated. I think as we flagged a couple of times during the quarter, a planned softer quarter than the previous Q4, but important in setting us up for the balance of the year. In terms of the open pit, we start there at Sukari. A period of mining and processing some lower- grade oxide material from the Stage 7 area of the open pit meant that we were slightly down on grades than usually be the case. But gladly, that's substantially behind us now from a processing perspective, although we do anticipate mining some more lower- grade material over the balance of the year, that we'll report to stockpiles and dump leach. From an underground perspective, as you know, we've been signaling the expansion of the underground production at ore rates up to 1.4 million tons from the 1 million tons that we achieved last year as part of our future life-of-mine expansion plans. As part of that overall work stream, we undertook a ventilation upgrade program during the first quarter. That has largely been successfully completed. Commissioning is actually occurring this week, and that significantly improves our ventilation requirements as we look to expand that production rate, as I mentioned. Accordingly, due to the rescheduling of the equipment and availability of working areas while we did this work, tons were down a little bit in the underground, and grade associated as well, as we focused on more development ore through that period. From a milling perspective, a reline in the quarter, scheduled as planned, twice a year. But otherwise, processing performed well in terms of throughput and recoveries, and actually some nice performance from the dump leach as well. So, a busy first quarter, coming in just a shade below where we had planned. We'd anticipated about 109-110 ounces produced for the quarter. A little below that, 105, mainly predominantly due to, slightly lower than anticipated, oxide grades in the open pits. But, with that behind us now, I think the important thing for us is that, with that quarter delivered, guidance maintained for the year of that 470,000-500,000 ounces. In terms of the, the cost base, as you know, that's been a real focus, over the last two or three years, at Sukari, and we've been very successful in taking significant chunks of their costs out of the business. Delighted to say that continued into Q1. On a quarter-on-quarter basis, compared to Q4, I'm delighted to say that we were some $9 million lower on a total basis, so the only sustainable cost base in the first quarter of this year. Unfortunately, from an asset perspective, we do calculate that on ounces sold. So, with a timing of inventory of shipments, we did have sales lower than the production number. That unfortunately made the asset look a little bit ugly on a unit rate basis, but I think importantly for us, on a total dollar basis, it was a significant reduction on Q4 last year. Of course, that leads us to also reaffirm and restate our guidance for the year of $1,200-$1,350 per ounce, all in sustaining as well. So, a solid and good first quarter at Sukari from production cost basis. That work largely behind us now, and sets us fair for Q2, Q3, and Q4, say, maintenance of that of that guidance in both production and costs as we go. Probably the only negative of the first quarter perspective was unfortunately a single LTI in the period, our first one in a year. As you know, I've said repeatedly that I believe that safety is a very good proxy for management capacity and capability, and obviously very regrettable to have a single incident in over 12 months. Brought to an end our sort of run of LTI hours free worked. We had set a new site record of 12.5 million hours before this unfortunate incident. But with that, a full investigation and reset, and we go again. But of course, with that single incident over that period, it means that our sort of both leading and lagging indicator rates are incredibly sort of you know good and heading in the right direction as well. So we maintain our focus on safety for the site. I think that was evidenced, as I mentioned, at the full-year results around the awarding of that ISO 45001 around our OH&S systems at the site as well. Staying in Egypt, away from Sukari, a good work around EDX, and the first quarter with the great results that we had at Sukari, and on Umm Majal. Geological team back into the field, some mapping, some ground-based IP work, to help us with further target delineation around that, and a rig being mobilized to the area right now, and the construction of a small exploration camp, we'll see us back drilling both of those targets now starting in the second quarter, as we hope to try and sort of further expand and delineate those targets and to understand their full potential, and their ability to contribute to the Sukari life of mine plan in due course as well. So it's a good progress and quite exciting progress across EDX as well. Pivoting to the Doropo in West Africa, feasibility tracking along well in terms of its timeline, and its outcomes. Happy with progress there. As we know, we've planned to have that finished by the middle of this year, the feasibility. I'm pleased to say that the work is tracking well. The field work programs that support that are substantially largely done now, from drilling to geotech to hydro, and so on and so forth. That is largely complete. We're now working through the sort of desk-based consulting and engineering work as we prepare that full feasibility study for Doropo. So I hope to have that finished around the mid-year point, to support our license application process with government. As part of that license application process, we need our environmental compliance certificates. I'm delighted to say that during the quarter that our ESIA was submitted to the local authorities to commence that process as well. So that's going well. We have, again, well, communities in up in the Doropo area, and that is progressing quite nicely in terms of our sort of clearance with the environmental department and along with our feasibility study. Assuming we are able to navigate that successfully, we'll see us making our license applications in the third quarter as per previously disclosed plans as well. So, going well there. So, as we look forward to the second quarter now, plenty to do. In terms of our grid connection, made very good progress, just looking to finalize the contractual engagement there. So excellent progress during the quarter to get that documentation finalized and ready for signature. We've been progressing the detailed engineering work with that in parallel, and should enable us to see the project kick off in earnest now in the second quarter, as we look to bring that online for us during this year calendar. In terms of Sukari as well, Capital Limited should be finishing their waste recovery campaign this quarter now. That's substantially completed, over 90% done of that fixed volume contract that continues to perform very well for us. And they will be rolling offsite by the end of Q2 in respect of that. Obviously, looking forward to EDX drilling sort of updates in due course. We continue to push hard on Sukari and on Rochelle, and of course, that Doropo feasibility study later in the quarter as well. So overall, a busy first period. Lots of preparatory work done that sets us up for this year and the balance of future years. Very happy with progress at site. As I said, guidance maintained for the year in terms of that 400,000-500,000 ounces and $1,200-$1,350 AISC. And ready to push on at both the Doropo and EDX as well. So with that, I'm very happy to open it up to the floor to questions, and I'll hand back to the operator, who will now enable Ross and I to take any questions you might have. Thank you. The floor is now open for questions. Participants can submit questions in written format via the webcast page by clicking the Ask a Question button. If you are dialed into the call and would like to ask a question, please signal by pressing star one on your telephone keypad to raise your hand and join the queue. If you are called upon to ask your question and are listening to the conference on your device loudspeaker, please pick up your handset and unmute your device to ensure your question is heard. Again, that's star one to ask your question. The first question comes from the line of Marina Calero from RBC Capital Markets. Your line is open. Good morning. Thanks for the call. I have a question- I'm sorry, I appear to have lost Marina there. Is that just me? I heard Marina said, "I have a question," and then it went blank for me. I'm not sure if that's the same for you, operator. Us, too, yeah. Marina, your, your line is still open. Are you able to speak? Can you hear me? We can. Okay, thanks. Sorry about that. I have a question about the open pit. It looks like your grades and strip ratio were impacted by your reclassification of waste into ore. How should we think about it for the rest of the year? What are you expecting for these two variables? Sure. Thanks, Marina. Good morning, Marina. Good to talk to you again. So look, I think as we touched on there around that oxide material, so I think, Marina, at the north end of the open pit, we had this what was formerly called the Sukari Hill. It's obviously less of a hill now because we've been busy mining it for the last year. But as you might remember, there's a lot of oxide and transitional material on that because it's effectively, it's unmined previously, so we have that set material to come through. There was historical mining in this area from the Cleopatra exploration and trial scoping that was done a number of years ago. So as we entered into this area, we've got rocky terrain, it's oxide material, and we have some historical sort of voids in this area as well. And really, the combination of the terrain and the voids meant that we weren't able to get our usual level of sort of drilling coverage into this area ahead of production. Caution areas around the voids meant we couldn't put rigs in certain areas, and just certain areas were difficult on the edges to access with a drill rig. So as we've mined through this area, what we found is a persistent waste-to-ore conversion, which is positive. Clearly, we're finding more gold. So we've seen that come through. It is at the margin, so it's that lower- grade material sitting at around about half a gram. So certainly, I think in the first quarter this year, there's about 1.5-2 million tons of additional sort of material that was waste, that was reclassified to ore, and sitting at that low grade to the 0.5 gram type oxide material as well. So that's gonna do two things: It's gonna skew the strip ratio for the period, and of course, it's gonna drag the overall grade down, in terms of the, you know, the ex-pit grade, and that's obviously quite different from the process grade as well. So largely now, in terms of that area, as we continue to mine through that zone now, is that we, you know, we still anticipate there should be some further potential sort of waste or ore conversion to occur. We will continue to get more of that oxide, sort of lower- grade material coming through. I think importantly for us, the, from a processing perspective, that material should now start reporting to the stockpiles or our dump leach facility as well. From a processing perspective, that material should now, as, you know, we should be back to normal, shall we say, in around one gram open pit material to come through to the processing schedule. So when we take that back to the, the sort of the full year look-forward basis, we had planned to mine about 16 million tons of, of ore this year as part of our life-of-mine plan. We think that probably more towards 20 million tons and that's to do with that ore to, sorry, that waste-to-ore conversion. So there will be more ore mined this year than planned, but that's positive with that conversion ratio. I think importantly, from a processing perspective, we still will be getting that 11 million tons at around 1 gram to go for the process feed as well. So when we think about what reports to the mill, that 11 million tons at around 1 gram is still what we see for the balance of the year. And about that material, ± 8-9 million tons, will be going to stockpiles and oxide as well. So I think the overall picture is that we can assume that from the open pit, 11 million tons at around 1 gram will be the plan for the year on a processing basis. There'll be about another 8-9 million tons will come from the Open Pit, which is more than we planned by a couple of 3 million tons. But that will be reporting to both Dump Leach and Oxide, and stockpile material from there as well. Obviously, quite a lot to digest there, Marina, but I think the key thing for me is the processing. Mine shape of Open Pit is unchanged. It's more about that additional tons of Oxide material and it reporting to Dump Leach and stockpiles for the balance of the year. Okay. That's very, that's very clear. Thank you. Your next question comes from the line of Jason Fairclough from Bank of America. Your line is open. Martin, good morning. Thanks for the opportunity again, to have another chance at the questions, and happy birthday again. Just a quick question on the underground. A couple of people just sort of pushing me a little bit on why the underground grade was low, just in this first quarter. Is it only down to the fan installations, or is there something else going on that's meant that those grades have been lower? Morning, Jason, and thank you again for the birthday wishes. So, look, in terms of the period, we recognize that obviously, we're gonna have the fans work, doing the preparation work for the fans to get them in, create the fan chambers, and have that work put in. That meant some of the equipment that we would have been using for production was diverted to this sort of, you know, project work as well. So we had a reallocation of equipment away from the sort of normal production and development duties to focus on that. Also then recognizing that as we sort of, you know, upgraded the fans, surface and underground were being sort of swapped out as well, certain areas of the operation were sort of, you know, replaced on sort of restricted heat duties while we did this work as well. So in terms of an actual physical activities on the underground basis, is that there were some restrictions, effectively, about what we were able to do while both equipment and working areas were impacted by this capital sort of project that we put in place as well. And that's why you've seen a reduction in total tons from the underground coming through for the period. In terms of grade, obviously, again, where, where we can work, what's available to us at that particular time, we have to be cognizant of that. We have to, of course, keep pushing on development, to being able to meet that sort of step in future months around, sorry, future periods, getting up to that 1.4 million ton a year rate as well. So, so got to think about balancing out stope production versus development within that overall context of, of further expansion as well. And that also impacts on, on, where we're able to mine from a grade perspective as well. So, in terms of putting the fans in, it's impacted on where we could work and what we're actually mining in the period, stoping versus development, and those areas, and also taking some capacity out of the production as well. So, in terms of that, you know, from our perspective, we're, we're not concerned that we're having sort of, you know, particular issues within the underground at this stage. With that work now largely done, say that the fans are being commissioned actually this week, as well, we see ourselves returning back to that normal run rate, certainly in terms of tons produced from the underground. Last year was about 1 million tons brought to surface, and we're targeting just about 1.1 million tons this year on that trajectory back to sort of up towards 1.4 by 2026. And we expect that the sort of the grade to recover from this low in this first period, which is a function of available working areas and what we're focusing on, and that should bring us in just below 4 grams for the year. So you could probably work out there sort of some straight math, so that at lower tons and lower- grade in this first quarter, we're anticipating better tons and better grades in quarters Q2, Q3, and Q4 to bring us in for that, that total of just under 4 for the year on a grade basis. So, look, from our perspective, no, not concerned, as planned, as scheduled. And, you know, the work done now, and that's a nice piece of work that sets us up for the next few years as we look to do that underground expansion there as well. Okay, thanks for the color. Your next question comes from the line of Richard Hatch from Berenberg. Your line is open. Yeah, thanks. Morning, Martin, and team. Just a question on the repos. It's lovely to see the gold price where it is, but when the gold price gets this high, you tend to find that certain governments look to try and increase their share of cash flows from assets and push up royalty rates. You know, we've seen it in the past. Just wondering if you're sort of hearing anything on that in Côte d'Ivoire or any concerns on that, and perhaps just talk us through any kind of sensitivities if you do see the royalty rate increase. Thanks. Thanks. Thanks, Hatch. Short answer is no. I haven't heard anything sort of postulated around sort of the Ivorian government looking to change things. Look, I think, you know, my sort of view of Côte d'Ivoire is that it is, you know, obviously quite a mature mining jurisdiction. You know, it's been very successful in terms of its ability to sort of, you know, nurture a very successful gold sector over the last 10-15 years. You know, a number of developments, as we know, sort of coming through in terms of, you know, new builds. So, you know, you're dealing with a mature government that understands and actually is pro mining, wants that. Aware that sort of, you know, the sort of the code in Côte d'Ivoire was changed not too long ago. Those, for example, those tax incentives that we're giving to companies when they were getting set to go in have been removed. And as part of that, so to my understanding as well, is that we have a sliding royalty scale in Côte d'Ivoire already anyway. So naturally, of course, the Ivorian government has access to, you know, has a sliding royalty scale, which therefore to take advantage of higher gold prices, which miners should be able to sort of absorb in those environments as well. So I think we're dealing with a mature jurisdiction that understands mining, that's pro mining. It's very successfully nurtured the industry. It already has that sliding scale royalty in place at this stage. And I certainly haven't heard anything to the contrary, that the Côte d'Ivoire would look to revisit in this environment as well. All right. Cool. That's, that's very helpful. Can I just ask a bit on CapEx? Q1 generally is a bit soft, right? But, it, it came in quite light, and I'm just interested to hear what the pathway is for the rest of the year, just in terms of CapEx, CapEx spend. Thanks. Yeah, sure. So look, again, CapEx, as per planned from our perspective, you know, obviously our sort of ongoing sustaining CapEx sits in the background there, rebuilds and development and so on. So that sort of is fairly, you know, relatively consistent through the period. In terms of that sort of growth CapEx and also non-sustaining CapEx that we think about, then obviously projects, as and when they drop. So we've got obviously some new equipment coming through, which will drop later in the year. We've got our tailings embankment raising that will sort of come through as that work is done. And of course, you know, substantial about that CapEx is, it's around the grid connection, and which we expect to kick off in Q2, and substantially sort of work through that CapEx in Q2, Q3 and Q4 as well. I n terms of the, of how we see the CapEx dropping, Q1 was, was where we thought it would be. No change to either the quantum or the timing of that, and we expect to say some of those major projects, expect to come through to start dropping in Q2, Q3 and Q4 as well. N o change to the year, and no change from a, from a time perspective, from our end, at least in terms of how we expect that to drop. A ll on track and on plan at this stage, actually. Great. Okay. Thanks a lot. Have a good one. Thanks, man. Your next question comes from the line of Daniel Major from UBS. Your line is open. Great, thanks. Can you hear me okay? Yes, perfect. Great, thanks. M ost of the key questions on the operational side in terms of the trajectory for the rest of the year were answered, but just one, just a quick foot on the open pit. So you would expect the grade to be north of 1 gram per ton for the remainder of the year, resulting in an average of just under. Is that the guide? The way to think about it is what comes out of the open pit, Dan, so all the total ore tons that come out, sort of above cut-off grade from the pit, and then they're kind of, if you like, simplistically, they're kind of split one of two ways. Either they go to the ROM pad and processing, or they go to dump leach/stockpile, depending on that. So if we think about the total material that's gonna come out of the pit this year, you know, we had planned for about 16 million tons. I think that's gonna be more towards 20. There's because of some of that ore, waste-to-ore conversion that we're seeing up in Stage 7 as well. So total coming out of the pit will be more like 20. Because we're getting more of that low-grade material than we'd anticipated, that means that's obviously gonna dilute the grade down. So I think you can think about sort of 20 million tons ± coming from the open pit, and that's probably gonna sit in the 0.7-0.8 range, grams per ton, to come out of the open pit. So that's what will leave the pit. Then we think about what goes where, we're still planning to have about 11 million tons at round about a gram. So of that subset, about 20, let's say, 0.10-0.8, 11 of that at around about a gram, 0.95-1, that will go to processing and fill the mill. And then the balance of that, which will be around about half a gram, that will then go to stockpile or dump leach from there as well. So yeah, so total next pit, all of our cut off will be 20 at between 0.7 and 0.8, and then about 11 million tons at, say, 0.95-1 will go to processing, and the balance will go to stockpile dump leach. That's on a total basis. That's not from here, that's on the year as a whole. Yeah, got it. So, so what goes through the mill will be, yeah, back above a gram for the remainder of the year? From a bout a gram, yeah. Yeah, about a gram for the process mill feed. That's right, yeah. Okay, cool. And then, just again, on the FX inflation situation, I mean, you're a predominantly dollarized business, but, any comments on the kind of any disturbances in the cost base in Q1? Obviously, the unit costs were impacted by the lower volumes, but as a consequence of the devaluation of currency or anything? No, so look, I think as we touched on in the past, is that you know, we've been very lucky to largely sort of escape sort of almost unimpacted by the sort of Egypt sort of currency issues, as that dollarized business as you rightly say, Dan. You know, gold sales offshore, dollars back onshore, buy the local currency to pay local costs, and then sort of everything else is in US dollars, including the profit share repatriation back to sort of HQ. So that that's not impacted us. You know, probably the main impact was, is when we've had to buy EGP to pay local costs, we bought it at the official government rate, at that then it was about 30 EGP to the dollar. Of course, now with the floating currency sitting at, say, mid-forties, we're now buying that EGP at that rate, and so that, but I think it's important to understand the sort of the total quantum of our cost base that sort of sits in EGP. So it's salaries, and then sort of the next, well, it's salaries, but the biggest item is fuel costs as well, so it comes through there as well. So on that basis, you know, no significant impact in Q1 from the, you know, from the sort of the floating exchange rate to that. It's a relatively minor component in the overall cost base to us as well. Got it. Thanks. Your next question comes from the line of Tim Huff from Canaccord U.K.. Your line is open. Tim, just checking, your line is open? Hey, Tim. No, we'll return Tim back to the queue. And if you are watching via the webcast and would like to ask a question, please use the Ask a Question button on your screen, and if you are dialed into the call, please press star one. And your next question comes from the line of Yuen Low from Liberum. Your line is open. Hi, good morning, everyone, and happy birthday, Ross. I've just one question left that's not been answered, and that's to do with the recoveries, this time around. I was wondering whether they were impacted by the transition material. Hey, good. How you doing, mate? Thanks for that. A little bit. So, you know, we're targeting it sort of round about that 88%-89% for the year. So we're just a little bit below the 88% for the first quarter. So there was a minor impact. As you know, as you're probably aware, you know, recoveries actually work on a fixed tail basis, so the lower the material grade that goes in, that impacts on your recovery 'cause there's a fixed tail relationship as well. So naturally, with some of that lower- grade material going into the processing during the first quarter, with a fixed tail relationship, it will naturally drag down the recovery a little bit as well. But as we transition back to, shall we say, more normal, milled grades going through the mill, we expect that obviously to get back towards that 88%-89% as well. So yes, a little bit of an impact on that due to the fixed tail relationship and processing as well. But as I say, not anticipated. We will mine more of that low-grade material in the balance of the year, but it won't be reporting significantly to the processing facility. So we expect that to sort of be recovering and back in line where we expect and want it to be. Okay, that's great. Thank you. Thank you. There are no further questions on the phone lines. I would now like to hand over to Michael to address written questions submitted via the webcast page. Thank you. Okay, so we've got a couple of questions on kind of exposure to the gold price and hedging. With the rising gold price, kind of how do we expect that to flow through to revenues, given the put options? And then are there any plans to increase hedging through purchase of put options or other products, given current gold prices, or could we expect to see no further purchases going forward? Thanks. Thanks, Michael. Well, maybe if you start with the current put protection program, so they are puts, so they protect us to the downside, but obviously do not limit any of the upside exposure as well. So in terms of those put programs, we bought a strip of puts that were out to the middle of this year, so the final puts in June of this year. Pretty much given the gold price performance and strength, those puts have effectively to date expired out of the money and have not been utilized. So the company obviously has retained full exposure to the rising gold prices as we go. And, you know, given where the gold price is today, given that we've got April, May, and June to pretty much go, it would be surprising if those $1,900 puts actually sort of ever came into play between now and the end of their expiry or the program by middle of this year as well. So, I think that's the first point to note is that that kind of downside insurance policy has effectively sort of rolled off and continued to roll off unexercised with no impact or drag on the revenues received by the company. In terms of do we anticipate putting any more in? I think from a Sukari perspective, no. I think that put protection program was a response to what was a sort of still a heavy CapEx program through last year going forward and taking advantage of what we believed then was a robust gold price and the ability to navigate reinvestments from cash flows without having to draw on the RCF. You know, I think we're substantially through the CapEx program, obviously, grid to come later this year, but that leaves us through that. We've been able to navigate that reinvestment significantly through cash flow without drawing down the RCF as well. So it leaves us in a very strong position from a sort of liquidity perspective between the balance sheet and undrawn RCF availability, and that CapEx rolling off after 2024. So I don't envisage that, as a company, you know, in the normal course of business around sort of Sukari operations, that we'll be looking to do any more hedging, at this stage. Certainly, I think that would be a conversation for the board and quite a big decision to be made. But, I don't feel that we'll be able to do that, anytime soon. Where, of course, things might differ is as we take the Doropo forward, to a development decision, and of course, depending on how we fund and look to fund the construction of the Doropo. If we had some form of of, you know, debt financing in for the Doropo's construction, which, let's be honest, is highly likely, then I think sort of the ability to protect some of the early-stage cash flows out of the Doropo as part of any loan repayment period would be something that we'd look at with our potential funding counterparties as well. I think in just sort of proper risk management, and I think about hedging as risk management, not as a sort of revenue game, taking some gold price risk off the table during the early years of a project's sort of ramp up and development, when you've got debt repayments against it, I think is prudent. I think if there was to be sort of hedging conversations within the company going forward, they'd be linked to, inevitably, to sort of the robo financing construction decision as well. Okay, final question from the webcast. Considering the CapEx for the Open Pit, what equipment is needed? Is any of this to increase in-house capacity, as the contractor capacity rolls off? Thanks, Michael. So we do have some new trucks arriving later this year. And they should be on deck during the sort of third quarter. Currently, our sort of total material move capacity is about 95 million tons per annum from the open pit. The life of mine plan requires us to be a bit above that for a couple of years, not substantially so. So we've got a few extra units arriving sort of third quarter this year. They'll allow us to move a little bit more material during 2025, 2026. But then importantly, when the sort of the material moves back down towards the 90 million tons per annum requirement, you know, past that initial sort of period, those trucks can be blended into the fleet, and some old units retired. And of course, by sort of doing that, it means that we don't need a sort of significant extra 40 million tons a year capacity capital raise as well. So yes, we do have some new equipment arriving in Q3. It will allow us to incrementally marginally increase our material movement capacity for a relatively short period without the requirement for a use of a third-party contractor. Ultimately, on an overall life of mine fleet management strategy, allow us to retire some very old units later on in the period, and bring those units in and sort of see us through to the end of mine life with our current 785 Caterpillar fleet. That's it from the webcast. Thank you. Well, maybe to wrap up then, I'd just like to thank everybody for taking the time to join us this morning. As I say, a busy quarter, lots of heavy lifting done that sets us up for the balance this year and beyond into 25 and so on. Look, I think the key message for me is that sort of a planned lower quarter delivered, and importantly, though delivered to enable us to maintain guidance both in terms of costs and ounces for the balance of 2024. Exciting sort of development at EDX, hopefully coming through as we continue to push on there. And that's the robo work going through the middle of the year as well. So, lots of good momentum, and looking forward to updating you all over quarter two and at the half year point as we push on through 2024. So thank you for your time. Wish you all a very good day, and as ever, if there's follow-up questions or comments, you can get us through the usual channels of the company, and we'd be happy to save those offline for you, post this call as well. Thank you very much.