Ann: Eliminates Hedge Book & Increases Cash Balan, page-2

re: Ann: Eliminates Hedge Book & Increases Ca... Good idea to get rid of that horrendous hedge early.

Last line of directors quote at end of ann however confirms what I stated in my last post, ie likely to have soft cashflow in 2013. Probably even with the reduction in non-mining expenditure outlined in the announcement. So SP likely to not do anythig extraordinary for rest of this CY.

2014 will be VERY different though, assuming POG does not completely capitulate and 2013 gives us a chance to watch the POG and accumultate this at a bargain price if viable.

Cdchi1