Ann: Gwalia Mass Extraction Feasibility Study, Guidance & webcast, page-73

Well I have probably done a very stupid thing by selling 75% of my outperforming RMS shares and putting the money into SBM at $3.26 in the hope there is a bounce in the share price to fill the gap left this morning.

For all I know it could take a couple of years to recover to that level, and in the meantime I will get some divvies- but if the AUD POG takes off then so will SBM. In the medium term its possible the share price could retrace all the way to around $2.50 if the shorters get going at some stage of a gold price decline, and that would be an excellent entry point.

I last sold out of SBM at $3.88 last year and stuffed up by being too timid to re-enter before an expected gold price drop in December - and we all know how this baby took off much earlier.

GLA.

loki (well its only super-normal profits from my fling with RMS that I am willing to lose here.)