SGW sons of gwalia limited

Cheap As Chips, page-5

  1. 5,342 Posts.
    SGW Just a copy and paste from info supplier.

    Info only

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    Sellers continued to exact their revenge on tantalum and gold miner Sons Of Gwalia (SGW) yesterday, cutting the stock a further 15c to $3 (day's low was $2.90) to make a two-day fall of $1.46 due to the profit warning at the annual meeting (these AGMs are getting dangerous).

    Meanwhile, the brokers are slashing and burning.

    JB Were has cut its valuation of the stock from $8.15 to $6.92 and said the "stock had been oversold".

    If it thinks it's worth $6.92 that's some "oversold"!

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