how low will it go, page-11

Lhg has been bouncing off 135/6 level on some four or five times since the middle of last year,so it appears that is a reasonable support level.On only one or two ocassions has it been able to make the bounce substantial i.e.22 Dec 136---6 Jan 159,which I guess mainly co-incided with the rise in pog.

LHG has paid a dividend only once ,despite the fact that it produces about 600000 ozs of gold a year,although in Oct it downgraded to 550000 ozs.

LHG collected some US$150 mm @ 155 in a recent share raising,which would make those holders somewhat unhappy.

If LHG does not hold at 135/6,next support is 130/1.

cheers.