Ann: Entitlement Offer Closed - Notice and Placement of Shortfall, page-22

A hedge above $2,400 would be a good outcome, not the best but certainly not as bad as hedging at say $2,200 or $2,300.

Hopefully POG has a little spike up or the US dollar gets a bid with a rising POG which is unlikely as often negatively correlated.

We are cheap, instos now locked and loaded, 30 June reporting coming so every reason to allow this to move and fly very soon.

Re-rate is coming, my guess once the drawdown is announced. Just look at our SP action post rights and you can see already the will for this to go higher, I should have thrown another $10k pre rights on this and I could have been in a considerable profit at $2.00. Worked out my average and its now $1.91with the further $20K invested.