Ann: Newcrest completes an increased Share Purchase Plan, page-36

Might be something we need to get used to for the next few days - perhaps thru to June 30. Could be worse though - other major producers down significantly more percentage wise, EVN about 6%, NST 5.4% SBM 4.4% SAR 3.9% against NCM 2.8%. Much stronger A$ a big hindrance and when we get SPP allocation expect there to be further selling by retail holders who were just in it for a quick buck and then we will get some tax selling toward end of month. If you are still a firm believer in both the company and prospects for further increases in US$ gold price might be a chance to add further with refund of over subscription money from the SPP