Ann: Summary of Half-Year Results , page-26

time for some R & R, that was a huge jump, for me it was a question of seeing how far it could go before doing some light profit taking

still sitting on a bit over 80% of my original stash. No compelling reason to sell more as the future looks bright. Valuation is not onerous, margins are very strong and revenue is rising

could double in the next 12 months if things going according to plan, but 50/50 chance could slide back under 60 short term.

I am reinvesting proceds in gold development juniors which trade at 10% to 20% of their project NPV