here we go again...!, page-8

Do the reports mean anything?,,,who cares about production, the result will be the same,,,no DIV despite previous speeches by the top saying they will look to increase returns to shareholders....

POG AUD still 85 AUD approx. Lower than when they made the last major announcement in early JUNE when they were taking writedowns, cutting costs and no DIV, 85 lower since they said they expect to be cashflow neutral in 2014 provided gold and exchange rates remained at announcement levels...which they clear have not

Stock up 30Pc from low which rebounded on takeover talk...but since the rebound we know the majors are also trying to bail from high cost ozzie (refer reports of NEwmont and Barrick.....and Harmony has nothing),,and we know that the pog is far lower....

that was one neck breaking bounce....think its just easing back to the fundamental reality