finding support, page-17

I think the big issue is the hedging. Consequently they are effectively a 200k oz producer this year and a 100k oz producer next year, which is not all that attractive at these market cap levels. Only real way to get things moving is to get Philippines running again and that....needs capital. Given they already have debt, surely they must be looking at an equity placement which is probably keeping a lid on the sp. Agree, would be handy to find some decent research. Merrill put out a report but I haven't seen it. Anyone have anything?