gold, page-5

It is certainly not the Hedge Book.

As per the June 2010 Qtrly:

At the end of the quarter 15,000 ounces (representing under 3% of current reserves) with an average delivered price of A$1,090 per ounce were sold under forward sales contracts. The mark to market of these positions at the end of June based on the spot gold price prevailing at that time of A$1,459 was a negative A$5.58 million.

The price action of DOM is certainly a worry --- according to the CEO the bad times with falling production, rising costs, development issues and falling or failing Resource/Reserve situation is supposedly behind it.

So either the CEO is wrong and the issues continue.

Or the CEO is correct and DOM is in recovery mode, but as yet the company and its management has yet to regain the trust of the market.

The Sept qtr might make the answer more obvious.