I know in the video presentation at the ASX small to mid caps...

I know in the video presentation at the ASX small to mid caps conference Mark Wheatley says that he does not want to see the bondholders convert.

What do we have, 62m worth of convertible notes convertible into 142m shares if my understanding is correct. With a current share register of 806m shares.

I am quite happy for them to hold onto their bonds and them convert them at expiration. Its not a big dilution. We will not have to pay the 62m back but more importantly we may not have to enter into a hedge.

I know some people like or dont mind the idea of a hedge. I loathe the idea. Who here believes the gold price and/or cash costs are going to go down. Who believes the gold price and (or) cash costs are going to go up. I know I am firmly of the belief that both are going to go up. Perhaps significantly, for both.

Feel free to correct me if my figures regarding the conversion of notes are incorrect.