activities report, page-6

what a little bonus those rights were. watso was in two minds about taking up the rights, or selling them - in the end, he sold the rights. the deciding factor was that watso had some losses, and thought it better to sell the rights (all profit) and use those profits to offset some other losses - better than using shares held for donkey ages (ie capital gains tax benefits).

by a stroke of luck, watso got a good price, as the subsequent weakness was a bit of a surprise.

gosh - this is a tricky one - the hedge book is increasingly out of the money, but the hoped for, future earnings are given a boost.

watso cannot be bothered looking at the last quarterly, but he has commented on the matter previously. it appears that at golden pride ( ???) the pit was re optimized (or something or the other) based on a lower gold price - which gave a lower resource. of course, the present higher gold price may only be a temporary thing - but if it is more permanent, then that would mean that the calculations would have to be done again, which would probably result in a higher resource

blah blah blah