re: Ann: Debt cut by $15m, Zijin obtains Gove... Ive picked up...

re: Ann: Debt cut by $15m, Zijin obtains Gove... Ive picked up some more at 17.5. This story is re-risking everyday. Debt at 50m in a few weeks time, another 5m from coal Feb'12, then 10m March'13 gets you down to 35m debt, possible Mt morgan sale next 12 mths, and with the gold price firm my bet is they are debt free by June 2013.

Now that is a big turnaround from 144m of debt in mid 2010. Changed my sentiment from Hold to LT Buy b/c for me the de-risking is changing enough to justify it.

Good luck to holders and fingers crossed A$-gold can maintain 1600+ for the next 6-9mths as that will break the back of the debt.