Ann: Change in substantial holding , page-23

If you want to get an idea of how IGR and gold miners are disconnected from the market you only have to look at my other goldie NGF.

There'e a 27c takeover offer on the table along with a quarterly report likely to be an improvement from the last (weather permitting) and the SP is still tracking 22.5c.

Further to this our hedging has allowed our average sell costs to be minimised by the fall of POG from 1700-1600 AUD which will be revealed in the quarterly.