what is there to like?, page-2

Your comments about the way management have conducted themselves is fair but I think mostly due to the necessary adaptation to the new price environment. "Never say Never"... I think they have responded well to the drop in the PoG. The only thing that would be of concern is the relocation of the processing equipment from Murchison. Depending on timing and the decision to bring Murchison back online when the PoG rises, the additional costs and time to move could have a negative effect. Having said that, we may have a long enough period of depressed prices for it to pay off.

I feel the hedging was a good move, and they could have hedged a little more, but not all of FY15 ounces. Very happy with hedging below 50% production.

Definitely with you in saying that no debt is a good position to be in at the moment. We should see a decent rise in the SP once the next Qtr results are out and the costs for Murchison C&M have gone through.