top post Montyagree wholeheartedlydebt to asset ratio very...

top post Monty
agree wholeheartedly
debt to asset ratio very acceptible
exploration program aggressive and well funded
markets crap
buyers evaporating in this climate of fear and imo buyback well timed to provide support in difficult market with the added bonus of tightening up the register for those that feel the need to cash up
am also sick of conspiracy theories that are regularly alluded to with little substantiation. Still opinions are what we are here for eh, takes all sorts and the climate of fear does not help
am a big fan of occam's razor theory or K.I.S.S lol
hedging does not look so silly now does it ? its called risk management and as we all know was a bank imposed condition and as we also know adds considerable value to the affected assets which by the way have added considerable capital growth (and revenue) to the asset portfolio and will continue to do so for many many years.

Consider the producing life of these assets as a 1m long piece of string then the hedging contracts can be considered to cover a length of about 5cm. People need to start looking at the big picture and not be so short term imo. Am not trading in this stock am an investor and i sleep very well at nights.