Yes admittedly sabretooth my comments relate only to the quality of its gold assets.
They made $13m profit on gold in the last financial year from production of 570,000 ounces. There are many more profitable producers out there. Big ounces does not mean big profits. And they have indicated that this year grades and hence production will be lower.
Yes the SGW chart may look good and it may be fundametally undervalued and has made people here profit in the last 6 months but the reality is SGW bought two poor deposits at Tarmoola and Carusoe Dam and are not replacing reserves fast enough with quality reserves. And Gwalia Deeps is a long way from reality.
My comments are related to the gold assets of SGW only.
If you trade on the basis of charts only or include tantalum in the picture perhaps SGW is a different story.
Also in a gold bull market anything with a sniff of metal in the ground gets carried along so holding SGW will probably not lose you money either. It is just not a quality gold stock anymore and there is a reason for it.
Cheers
acturtle
SGW
sons of gwalia limited
Yes admittedly sabretooth my comments relate only to the quality...
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