5 wave correction completed..rally targets 135, page-4

putting aside what the future sentiment will be in the stock mkt and in goldies in particular, I think you now have to see DIO as a 12months plus proposition.

They are a conservative company, and have been expensing that part of their capital development that directly relates to pits that are producing. That's why I have previously said the that in my opinion substantial cashflow / profit will probably only really arrive from calendar year 2009. This said, they do need to improve their communication regarding production costs etc to demonstrate they are keeping costs under control.

I would not be suprised if they make some sort of acquisition / JV this year to boost their growth / production profile.

Anyway, we shall see.

angus