re: gwalia gold turns to dust/excelsior A correction on Oceania, it has recently announced that it has closed out its hedges completely.
The big lesson of SGW -- if you must trade stocks of distressed companies, close out the trades each night. Those left holding the bag with SGW didn't even close them for the weekend, and a lot can happen in a weekend
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SGW
sons of gwalia limited
gwalia gold turns to dust, page-11
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