Ann: Annual Report to shareholders, page-10

for those who like their news in a short form and who have been tracking company developments, here is the operative forward-looking quote from the annual report.

"Kaiser remains unhedged, debt free and poised to increase production and profits into the next year."

"Yours sincerely,Jonathan DownesManaging Director and the Board of Directors."

evidence of increased production and profits should emerge in the Sept. quarterly report due out by the end of October. Am looking for all or most metrics reported in the quarterly to support this outlook.

meanwhile, spot gold's slide was arrested monday and late in the local day was trading around US$1846, bouncing from a recent low touched briefly late last week of US$1810. Late Monday the Australian dollar gold price was quoted around A$2895.