Cranny - i'm kind of glad its down today as it gave me a chance to buy in - my order is almost filled at 42.5c. The skeleton I wondered about is possible unfavourable FX hedges from when they did their gold hedging in August but everything I see suggests they left their FX unhedged, which is a big plus if they did. Hence I decided to dip my toes in, hopefully to join the party when the cashflow starts rolling in around new year.