Commander C

Hi Flower Were/are you holding SHD as well as WDR? For SHD I didn't end up sending any complaint letter, just in case there is a future rights issue with shortfall form and I get rejected because I had complained earlier! Wonder if WDR can do takeover of SHD --- or even get funds from merger with MMX?

yay WDR up to make up for my SHD losses! thinking whether to send in a complaint letter to SHD

[On a minor related point...do you mean Angus Geddes or someone else...I thought Angus Geddes is still at Fat Prophets??]

For half way between baroque & classical: C P E Bach Here is an amazing rendition of his Flute concerto Philippe Bernold with the Concerto Avenna in Poznan (Poland) in 1989 Check out the speed / tempo and virtuosity!!!

Christmas musical item --- Corelli's Christmas Concerto Roy Goodman and the Brandenburg Concert with theorbo (I think) http://www.youtube.com/watch?v=anVSAGFkuTA...feature=related http://www.youtube.com/watch?v=a4flBSb5ZaU...feature=related http://www.youtube.com/watch?v=t4x5XrdU5fg...feature=related http://www.youtube.com/watch?v=w-PtdTlwdBk...feature=related Gottfried von der Goltz and the Freiburg Baroque Orchestra with archlute (I think) http://www.youtube.com/watch?v=jqP7bWRj4v4...feature=related

Foster Stockbroking research report out on website today http://www.westgold.com.au/westgold-broker-research.html

As a rough rule of thumb I wonder how much $/oz one would pay for mid-high cost reserves? $300 or $400/oz? Let's say it's $350/oz, then if they can prove up 800k oz of reserves (they already have 600k oz of reserves) then WGR in production should be capitalised at about $280 million. Subtract $150 million in capex to get there. And left with market cap of $130 million -- compared with the current market cap. Of course, only a small portion of the $150 million in capex will be raised from debt....rest from equity So rise in actual share price won't nearly be as proportional as $130 million / current market cap. BUT they do need to get a move on promoting share price UP, so when do the capital raising, it is less dilutive to existing shareholders. Thoughts?

decided to get some SHD in the 6-7 cent range (just a bit off the bottom unfortunately) wanting some DSO found quick!!!

Nebo, Arty - you guys still following? Reading through the last two presentations which indicate trading at half of broker values -- is this for real? Commander C

Beats me how people get into such responsible positions really. Through bluster and prating LOL!

Yeh meh keeping eye on UCL too! Although MAK keeps fallling faster than UCL, so the hypothetical "merger" ratio is falling from MAK's perspective (bad for MAK's shareholders)

Aren't we talking about their incremental "5th" area at CGMP? No 1 = existing open cut + Big Bell tailings = 0.6m oz o/c + 0.1m oz tailings = 0.7m oz resources @ $700/oz cost No 2 = Big Bell underground = 0.4m oz reserves @ 4 g/t @ $900/oz cost No 3 = Great Fingall & Golden Crown underground = 0.2m oz reserves @ 8 g/t @ $800/oz cost are more or less real No 4 = South Fingall open pit = trying to define say 0.1m oz resources No 5 = Cuddingwarra (incl Jim's Find & Lady Rosie) open pit = trying to define say 0.1m oz resources are more or less speculative Cost of No 1, 2, 3 = say $100 million for plant and $50 million for 1 pit and two declines (refurbish/extension I think rather than totally new)???

Hi denpal I totally agree ---- Namibia costs at most $200 million (gross) to develop....while Wonarah costs $2 billion --- where will MAK find $1 billlion for their share??? Should we be writing letters into the new Executive Chairman and remaining Board members??? Commander C

Hopefully doesn't leave shd sherwin in the lurch as I have some of these too

anyone still following Ariadne Australia?