Ann: Response to ASX Aware Query, page-49

"All the hedging in place means there is no upside on the gold price in DCN".

This is plainly untrue. A false, sweeping generalisation based on an untruth that current holders are sick of seeing regurgitated on these forums.

Do you feel the need to reflect on what you state? Or does an agenda prevent from doing that?

Total hedges - the entire hedges - stand at 84,589 oz's. That's it. 25% of the forecasted gold output for the next three years is hedged.

The remaining 75% is unhedged.

This quarter, around half of production will be hedged at around $2050 an ounce. The other part will have complete exposure to a rising gold price. On the spot market. See equity presentation and operational update.

I have obviously found a friend today in calling out these untruths.

Looks like we have started.