Ann: March Quarter Sales Results, page-92

Remove me from the support column, definitely against the merger now.








Gold price movement (5/2 - 11/4) $458 * Ounces Hedged 256439 = $117,449,062
Hedge Liability has increased by 117.5 m since 5th of Feb.



RED net liquid position improved by 7.1m


SLR
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SLR Net liquid position improved by 88m.





Hedge position liability increased by ($458 * 110,000) = $50,380,000





Mt Monger Stockpile 80,000 ounces * $458 = Net realisable Value of Mt Monger stockpile increased by $36,640,000



Deflector Stockpile 40,000 ounces * $458 = Net realisable Value of Mt Monger stockpile increased by $18,320,000



SLR Total Stockpile Value Increased by = $54,960,000
Total Hedge Value adjustment between RED and SLR = $67,069,062
Net Cash and Equivalent adjustment = $80,900,000

Total liquid asset value adjustment between RED and SLR (5th Feb to 11 April) = $202,929,062


SLR current EV (When including investments) = MC (1,240,000,000 - 508,000,000) = 732,000,000
RED current EV = MC (1,420,000,000 + 42,000,000) = 1,462,000,000

DYOR
GLTAH