read all the announcements, page-4

Alex999

These are the two questions on every shareholders lips.

I'm not sure that anyone knows the answer to question 2 right now (directors included) but if the answer to question 1 was NPV positive, you'd hope that the company would be loking to obtain finance. Afterall, the beauty of gold as a commodity is the ability to forward hedge at little or no discount to the current price.

Most new gold projects would have a requirement to hedge at least 50% production so if they are making a profit now, it is only going to get better with a mill and processing plant of their own and hedging should be welcomed.

The fact that there has been no announcements and the company isn't answerring emails on the subject leads me to suspect that they are currently losing money or breaking even (whilst perhaps building low grade inventories).

One for the AGM.