solid operational performance for gold one, page-7

Padd,

If you look through the posting history on gdo prior to the takeover offer, you might see what rmv was alluding to.

Overall a pretty good report- just what I would have liked to see if I still held. A few comments:

- looks like the capital raised will be well spent, this is one of the most detailed quarterlies gdo has ever released.
- increasing cash which is good
- high 'actual' costs closer to 1000/ounce by my calculation but still a great margin at spot. What I am most interested in are those high capital expenditure figures, I have a feeling that this is going to be an ongoing high expense (to access ore) - would like to see that come down, but given more than 3 months to full ramp-up probably 2 quarterlies away.
- heft corporate expenditures and nice annual bonuses * which just annoys me given the way management has treated shareholders during this change of control. (a large part probably fair legal/commercial advice given all the m&a activity- in fact not too bad for the siZe of the Rand deal.

Anyway good luck to all holders - this has the potential to be a big company given the numerous opportunities upcoming. With the financial backing I think the Rand deal will be a steal long term.