Ann: Half Year Financial Results Market Release, page-2

WOW

Well the production report didn't glow that well after the major moves in Gold price in the last QTR so I decided to wait for the full picture.


Major items important to me

EPS 5.2cps to 26 cps, considering the last QTr in which gold usd and aud went to new lows as reflected in the previous production report, Im stunned, way better than I thought.

would have been higher if the oil wasn't as hedged as hard imo, that's a big increase in yoy earnings with a gold price yoy falling.

Debt reduced way more than I expected, I thought given the production performance, whatever was repaid in first QTR of the fin year would have been redrawn in the last QTr considering POG UAD hit 1340aud in NOV

Gearing stays level basically static which is good.

BIG ONE - Cashflow from operation was significantly improved, and if they can do that in despite last QTR, looking at the POG AUD since JAn this should also positively improve financial position going forward and allow for a div at end of year... (obviously GOld AUD needs to stay above last QTR 1408AUD).

The big bear on the street UBS was 145M and No div,, and NCM smashed that.

cash generation is definitely going in the right direction.