SGW sons of gwalia limited

Should SGW be considerer a T/O target..., page-2

  1. 753 Posts.
    I like to see people like you buy a stock and hold it on the presumption that some other idiot would come in later and pay a higher price so you can make money.

    The stock is in a deep downtrent and their gold and foreign exchange hedge books is killing the value of the tantalum business, in my own opinion.

    Who ever pays $300m or $400m would laso have to pay the cost of the hedge book as well as any other liability SGW may have.

    Techinacally as the price approaches the $1.50 handle, which incidently is a long term bottom formation one may be tempted to buy.

    However be warned that the same occured in Kidston mines and some other resources stocks and they traded as low as 20cents or thereabouts.

    Wishing you luck with your investement.

    Arhidas
 
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