agree that the annual report won't be stunning, however the Sept...

agree that the annual report won't be stunning, however the Sept quarterly will be much improved due to the fall in the US $ meaning that they are receiving more for the IO. They are hedged somewhat (which is smart) but are still benefiting.

think these are the important factors coming up

1. life of mine contract with Noble. Fantastic insurance against any downturn in the China market, Noble is still going to buy everything that we produce
2. Outstanding Loans will take awhile to come back, but the fact is that there are hard assets in MON and we are going to get a share of that. More so if the financial crisis deepens and the price of the gold continues to rise.
3. Strong management and excellent board. No way would the last two appointments have been made on unsteady footing.
4. Focussed business.

Seems there is a floor on the price at .40c and have been making a few trades at that price as it seems to go up and down. But by the end of the year, their cash position should be more stable and so should the sp.