Ann: Quarterly Activities Report , page-14

There were lots of buyers around today looking at the market depth so there still seems to be a fair bid under it at these prices. Quarterly reports may start improving from here out.

Actually the drilling results shown at there various tenements in the quarterly were pretty outstanding I thought.

I just think this debt facility/hedging is being ultra conservative. It's not like the company is in cash position where they could go under or have to do a share offer at any stage soon to raise capital.

Those hedges are just gonna get uglier and uglier as times goes by in my opinion, although it wont be overly long until they are closed out. I just don't like the attitude in a blind freddy gold bull market and the prospect of further hedges once these ones are delivered into. An unnecessary burden except for the svartliden hedge which seems fair enough given the changes they are doing there.