bit of a battle, page-6

Good management decisions in cashing in there hedge last year. Looks like their hedge on oil at $78USD/bbl for 50% of their needs for 5 yrs was also a good call. We're nearly there now.
$AUD gold price still $1160 from Kitco this morning. Expect it to remain in $1100 - $1200. As the US dollar falls - the $US gold price will rally. It's a balancing act which is good for Australian producers. I expect it to be re-rated by Xmas when it has a production history behind it.