News: WGX Westgold Resources Updates On Gold Hedge, page-27

Hi danhoff

Just for your info, I learned from Puck2 on the CVN thread that 'the third Friday of March, June, Sept and Dec are referred to as 'Triple Witching Days' because the contracts for stock futures, index futures and stock index options all expire within the last trading hour. This generally creates volatility in the price and increased trading volume....and sometimes you can get a good entry to the shares.'

Re WGX, like you I am attracted by their large resource base. They have done the hard yards of development and capital investment, now we just have to hope that the operations can deliver by building their production and lowering cash costs. We will have to wait and see..........if the operations can deliver on their promise WGX will become a strong cash generator. I like the fact that WGX has no debt except for the gold prepays. They are also highly leveraged to the AUD Au price - much more so than other comparable producers as their AISC is generally higher than the other producers.