The Directors have done well to resist a capital raising last...

The Directors have done well to resist a capital raising last year and now with it generating record operational net cashflows there is absolutely no need to do a capital raising unless it was to partially fund the development of Dipidio.
At least 85% of the current debt of around $NZ300 million doesn't have to be repaid before the end of 2012 - there are no worries unless you think gold is going backwards at a great rate.