I listened to the webcast. Not much new mentioned here. Dividend...

I listened to the webcast. Not much new mentioned here.

Dividend policy announced is still vague, except to say that they will think about giving another dividend when they release the half year financials in February 2018, and dividends will be reviewed twice each year.

Interestingly they mentioned that directors only had in total 3 weeks windows of opportunity to buy shares on-market over a 12 months period and lamented that they could not when the share price halved in the second half of last year. I suppose the same applied to Vassie's recent sale or he would have got a better price.

The presentation is fairly comprehensive, so perhaps no need to listen to the webcast.

It does not look as if the gold price will pull back much in December when the FMOC is expected to announce another 0.25% interest rate rise - perhaps its already mostly priced into the gold price. I wonder if the gold price will continue to be flat going forward for the first half of next year until some catalyst shows up. Where is the inflation.?

loki (zzzzzzzzzzzzzzzzzzzzzzzzz)