loki

Hi Loki,

Didn't mean the downramp mate. I owned NGF but sold with the falling $A gold price. By my understanding they could have production costs of $A 800 from next year, but uncertainty over the hedge book, including the undelivered hedges since Sept08, keeps me worried. Also I'm half anticipating a market wash out before November and/or falling USD gold in the off season. NGF needs to reconcile its differences with Lehman one way or the other. That's my personal view until the AUD gold price increases significantly above $1150 again.

Rowingboat.