testing a double bottom, page-8

Also note they have debts of around $1 per share and the hedge book is currently 800 mill or so in the red.
Their market cap is only around 350 mill.

This may be the next Pasminco....with falling production they are struggling to even cover their hedges.
Note the rumour regarding UBS warburg saying one of SGW investment bankers doesnt support them anymore,sgw has denied this but i would not be suprised if this is true.
Great short at these levels,stock is just one big problem!!