Ann: Annual Report to shareholders, page-7

Pretty quiet on the WPG thread now days! For good reason. If you havent sold out, its a bit of a wait and hold for 12 months to see how:

1. The new operator plays out at Challenger
2. How they raise the capital shortfall as indicated in the annual report for the $5.4 million failed CR from shareholders.
3. See how the PYBAR dispute claim pans out.

If the contractor runs challenger well and the dispute is resolved for significantly less than claimed, and the Gold Price (AUD) stays >$1600, then the margin will only increase and the AISC decrease, driven by both higher grade from Callenger and Tarcoola due to the low stripping ratio.

Not the big turn around everyone hoped for (me included), but still promise.