a point on hedging, page-4

SP

How many times do you intend to repeat the same story?

As you said elsewhere, you have been wrong many times. I see no reason to accept your views here. The pros and cons of hedging are well understood and the ADU share price is so low that there can only be significant upside from here. However, I expect most of that upside will be realised closer to production so it is a one year waiting game.

This is a chance to get in cheap. ADU should be over $1 next year and have significant cashflow to resume exploration over the 85% of its tenements yet to be explored.

loki