Ann: 17% Increase in May Production, page-84

The latest forecast was the RUI presentation,

June tonnage of ore down about 10% on May.

Will we suffer a drop in grades or could we be in for a pleasant surprise.

Bob the Builder:

The Appointment of New MD's is often associated with a very critical review of the costs that have found themselves in the balance sheet. Good to have a fresh set of eyes take a critical look at the capitalised costs at the end of what is hopefully the last of a string of half year losses.

The bigger the profits going forward when the share price will be driven by a multiple of earnings the better.

Great time to write off anything that has become doubtful and update provisions for future costs.





Hedging: The perils of fixed price contracts and debt in an Inflationary environment.

We have seen a lot of enterprises with fixed price contracts end up in the hands of the liquidators over the last couple of years as high interest rates and increased costs associated with price capped revenues for goods that are contracted to be delivered causes a cash flow crisis and lenders grabbing what they can as quick as they can.

Another gold miner goes down in a bull market for gold:

less copper than HGO has in its scratching the surface exploration targets