Ann: Mt Morgans July Operational Update, page-8

I think the other bonus from a number crunching point of view is they hedged 150,000 at 1800/Oz this is very poor hedging given current gold price. so any additional ounces will be very well received.

however if management are shonky be very concerned about the abnormal monthly announcement because the may want to prop price up to do a CR if they aren't confident in hitting guidance. if any management start selling shares now run for the hills. if not this looks like the start of a turn around and with increased ounces and rising POG it doesn't look like they will need a CR