news pending, page-2

The only news we are all waiting on now is if management can arrange favorable financing. With cost rising and the $A gold price not appreciating we might be dead in the water.

One of two things needs to happen - either the $A gold price goes up and then the cost benefit will look better or cost as a % of revenue needs to fall - and cant see how this can happen short of improved economies from increased resources.

The most likely result will be a hedging arrangement that will see up-side heavily restricted. It either that or nothing from here most likely.