re: is sgw a good stock (gryphon1 read for pil)? Hi Mr C (also...

re: is sgw a good stock (gryphon1 read for pil)? Hi Mr C (also X)

Yes...I note that they are at a spike and that a wide berth based on last 12 months performance suggests caution...however, they have broken through the technical resistence of $3.21 and could go much higher if good news supports such a move.

And good news may just come in the form of a response I got from Pilbara Mines (PIL) back on 27/8...

"The delay in Inmet commencing drilling has been due to the outlining of a new high priority drill target to the north of the old TB mine which is located very close to an adjoining companies ground.

[***I believe this must be SGW***]

This target is deemed very important and as such Inmet wish to negotiate an agreement with the adjoining party prior to commencing drilling. This is near completion and drilling should commence during September.

Regards

Pilbara Mines Ltd"