SGW sons of gwalia limited

SGW - Down But Not Out, page-5

  1. 2,154 Posts.
    10 yr low @ 1.85.. i'm watching like a hawk.

    Here's an article released a few days ago, I haven't seen it posted here ,so here it goes saves me from retyping key points.

    SYDNEY, Oct 22 (Reuters) - Australian miner Sons of Gwalia Ltd said on Tuesday it produced 131,747 ounces of gold in the first quarter of 2002/03, up from 88,550 ounces a year ago and in
    line with expectations.
    The miner, whose shares slumped after a profit warning last
    week, said the gold was produced at A$478 an ounce and sold for
    an average A$595 an ounce, for a cash margin of A$117 an ounce.
    Perth-based Gwalia said it expected a slow but steady rise in
    gold output from its Southern Cross and Laverton mines, while a
    previously announced wall slip at the open cut at its Tarmoola
    mine would led to changes in the medium term mine plan.
    The company, which supplies about 40 percent of the world
    market for tantalum, said the division reported excellent
    production, costs and sales for the September quarter.
    Production of tantalum, a key component in mobile phones and
    other portable electronic devices, was 724,328 pounds for the
    quarter, up from 716,494 pounds in the June quarter.
    However, Sons of Gwalia flagged last Friday it would be
    unlikely to meet market expectations for its first-half and
    full-year profit in 2002/03 due to the problems at Tarmoola and
    slower demand for tantalum, which would lead to lower sales.

    Perhaps tantalum will take off again, when the digital regime is in full swing.?
 
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