re: chart...who has got the guts to go long lol? Sabre, Tarmoola...

re: chart...who has got the guts to go long lol? Sabre, Tarmoola is the 'catch 22'-in a normal world it would have been shut down.But SGW has this massive hedge book sitting in the red for a few hundred big ones, and goes further into the red if gold rises!
To shut down Tarmoola they have to buy back the hedges and they don't have the money.
To make Tarmoola work properly(if it now can), develop Sons of G Deeps, or replicate the gold exposure some other way will simply cost money they don't appear to have.
(The tin/tantalum business appears to be viable even though it is capital hungry in the short to medium term/plus Cabot is mucking them around).
Next week's report will be an interesting read on how they propose to restructure the company-the market knows the accounts are dripping with blood.
Cheers,TAS