Basically as expected. The only downside I can see is the...

Basically as expected. The only downside I can see is the overhang from the past hedging means the price received ($1576) was well less than the spot price. This should be self correcting over time.

There is some sign that LJ was high grading a bit back in the December/March quarters (given the debt levels this was wise), but only moderately so and the forecast for 18/19 looks very achievable given the grades discovered.

Still no update of AW but I guess this will come out in the conference call. The turnaround is well underway and I am happy to continue holding.