I reckon SGW hedgebook currently will be around 1 bill aus$ in...

I reckon SGW hedgebook currently will be around 1 bill aus$ in the red.Add onto this debt of around $1.80 per share roughly plus the fact that they are barerly producing enough to cover their hedges.Then the fact that in their last quarterly total costs came in at around 590 an ounce they are making nothing from they are producing to fill their hedges.
If the UBS rumour is true and i think there is a good chance of it eg that sgw bankers want out then sgw will go the way of PAS!!
I have done a post on the weekend re sgw and their hedgebook and some comments from a few analysts,do a search and you may find out some more.