crossed sale , page-10

I just bought a small stake. Not really swashbuckling though!

Bad news / OK news

Bad news re Mt Muro is $50m required (gulp!).

OK news - production of 5koz AuEq approx in July, after a bad quarter of production at under 5k with target of 14 to 16k for the Sep q. Means they should not be going broke, and should be able to squeeze out some capital from somewhere. A supply issue due to a low river level! Paradoxically in Aus low rain is generally good for mining!

I think the market has over-reacted. UBS - 24m to buy back to close their short??? Haven't investigated that.

Long term holders must be in shock at the SP.