is it cheap enough?, page-43

Agree with comment, however question that needs to be answered is "is it possible to reduce costs" and therefore turnaround cashflow situation.

Clearly track record has been very poor with respect to last few quarterlies. It comes down to scheduling the numerous open pit sources to minimise mining and haulage costs while maximising grade/ounces. Not convinced this is being done efficiently. Next processing costs are pretty much fixed, and expect Barrick is sitting back getting the gold and charging a very high price to process it, other options need to be investigated.

Finally impression is that board has more "investment" experience than operational experience and seeing the number of pits and organisation, I expect that not enough is being done. Good to see changes at the top.

There is an opportunity to turn this around. With the new cash, capability to repay debt and evaluate the underground, there is certainly upside.

I expect some new investors and Deutche have had enough though.

As always DYOR.