big holder exiting, page-11

Fixed quotes aren't always 'fixed' - first hand experience from the supply side. Their can be out of scope 'justifications', although service companies (at least accountants) write off this time usually for clients. Seems like engineers etc bill it regardless? Guess it will be all down to what the contracts/agreements state.

Remember if gold goes to hell and the commodities boom, then it's reasonable to expect supplies to go back to a more norm, as well as timeliness. No more of this cost blowouts and productivity bs... if all goes to hell that is. One upside when everyone else is in care and maintenance/shutting off.

mja - yes i'd be more worried about increased volume versus next to none - why not? YOu're right, but I've also seen nto just in MYG but other stocks the buys/sells changing in an instant. I've been caught out with low buys or sells volumes queued when the next thing I know it's reversed in an instant. Not everyone queues/leaves an order open. I'd say in this sort of situation there's more sells queued than buys usually, but pending good news the buys could switch around in an instant.

Hedging seemed good at the time, and worse following the plunge in the POG. Good idea, not the best execution time. We all make mistakes and not everyone saw the writing on the wall - and naturally not everyone would/could or the marketplace wouldn't exist as it does. Did you call the subsequent recovery in gold price though mja? I'm sure perhaps you and alot of others who saw doom and gloom with the gold crashing may have missed it. And heck it may just re-correct again and head down (I hope not for us gold holders sake) - but in the end my point is we all can't time it 100% correct , even MD's like JG. Drilling delays do suck. I can't agree with all the positive/optimism that others may be displaying as I don't want to be sucked into that false sense of biasness. The situation is grave, as I've said: do or die. But the question is do you take a 40-60% (for most) haircut, or bite the bullet, risk the remainder 40% in the hope of financing and that everything will come good?

We may not get the price increase we want/share price boom, as per the Doray minerals example above, but it'd definitely hold the price up and perhaps deliver us a return sometime in the future, so it's better than the alternative.

But yes that's the question we all want to know - hair cut now or hang on. If i had a crystal ball and knew financing wouldn't make it through i'd take the loss now, but obviously none of us know for sure.

I will also say i take recent commentary with a pinch of salt because 'progressing well' can turn into no deal in an instant. Been there and done that with SDL - fat load of nothing after all the commentary on a done deal.