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SOUTHPEN

09/28/10 2:45 PM

#41 RE: zoom22 #40

Zoom . Nothing has ever been as bad as that deal with the Australian Bankers. It was a deal of the times. I know this management will not ever be drawn into anything like that . A gold hedge really hinders us right now but if Gold (bubbled) and popped,then it could play very well for us.I know quite a few highly regarded gold producers that have had to endure hedges ,some came with finance deals (like ours) and some were strategic blunders.In any case I see our management here believes as I do ,you probably do that the hedge is holding back the company.I really see the debt as nothing at all to worry about.Very manageable. Debt can be a right off I would think.Its sad that news like this destroys the news that sent me into a frenzy,trying to find more information about the mill site and its potential for more underground mining .