Listened to the conference call and definately a mixed...

Listened to the conference call and definately a mixed bag.

Although Craig Jetson comes across reserved, he sounds open, honest and down to earth so big ticks on trust which is important in this game.

Also appreciate his team doing alot of analysis (he is new so makes sense) to implement improved group wide strategy, increase production and cut costs which should be released in the next month or two.

A recommendation on whether to go ahead with PNG mill expansion is going to board in next few days and expects it to still be within $150m budget if goes ahead. Doesn't see any risks of doing business in PNG, but if they go ahead will obviously get guarantees from government before doing so.

On balance, yes still delays on finishing ventilation project (to be completed this quarter) and other unknowns, but also upside potential on positive newsflow as above.