financial report, page-3

Hi sirsenor,

A lot depends on what the money from the gold gets spent on. Many a slip between the cup and the lip. All the gold earnings at lihr Gold went on a disastrous attempt at reoppening the Ballarat gold mine. 300 million write down. Result no dividend for shareholders. That is why I'm nervous about the Dioro takeover. What shareholders want is to get the Higgins gold mine really profitable, shareholder dividends, raise the NTA (it is not good) and then think about takeovers that aren't messy. Others have seen some devil in the detail. sp 6% down.