bottoms still down, page-4

time to buy? I've been doing some serious research on SGW since it appeared to hit the bottom.
Also spoken to the company at length about its hedging.
They have expressed the view that the majority of their gold hedging liabilities have virtually disappeared and they are able to sell gold using their hedge contracts at around A$600 which is a lot better than the current A$565 per ounce they could be getting on the market.
While they were out of the money when gold was at US$383 they seem to be looking good now.
A rise in the value of aus$ v US$ is good as it reduces the effective aus$ gold price which is what the contracts are denominated in.

I expect some news to this effect fairly soon.
SOG - out of the wars.