SGW is one of my 20 tracking stocks.....been tracking it since...

SGW is one of my 20 tracking stocks.....been tracking it since 1999. It is on a long, slow downturn from it's major highs, & is not too promising as yet. SGW does have hedging problems, but not too serious. The main problem is the tantalum......other deposits have been found outside Aussie, and the potential competition has dampened earnings projections somewhat.
Been on a bit of an upswing last week (on not great volume), but I don't think it will last.....would need to get to around $5.80 on good volume to break out of it's bearish channel.
CHEERS