short positions wow, page-11

Good couple of pints there Syd.

NCM have always said that LGL acquisition will be funded from internal cash flows. Debt is low and there's no reason IMO to believe here's a capital raising on the way.

I also agree that 450,000oz times that extra A$100 or so this quarter will be a pleasant bonus.

On 4 May RBS forecast profit to increase from A$483m in 2008/09 to $601m this year. Since they cruched those numbers gold has climbed close to A$100. If May and June average say A$50 higher than RBS assumed then there could be another $15m (2/3 x 450,000 x $50) on top of the $601m.