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613 Posts.
20
18/05/09
14:37
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Took advantage of the sellers today to enter at 65.
I thought the report read well. Cash costs at 400 something, half production hedged at 800 something.
484 million shares on issue aint too many.
Fully functioning gold mine at 165000 ounces ayear.
What seems like quite manageable debt
and the mineral sands down the track hopefully funded by the gold mine.
Think its gone sideways long enough, due for a rerating in the not too distant future I feel.
Cheers.
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