10 yr low @ 1.85.. i'm watching like a hawk.
Here's an article released a few days ago, I haven't seen it posted here ,so here it goes saves me from retyping key points.
SYDNEY, Oct 22 (Reuters) - Australian miner Sons of Gwalia Ltd said on Tuesday it produced 131,747 ounces of gold in the first quarter of 2002/03, up from 88,550 ounces a year ago and in
line with expectations.
The miner, whose shares slumped after a profit warning last
week, said the gold was produced at A$478 an ounce and sold for
an average A$595 an ounce, for a cash margin of A$117 an ounce.
Perth-based Gwalia said it expected a slow but steady rise in
gold output from its Southern Cross and Laverton mines, while a
previously announced wall slip at the open cut at its Tarmoola
mine would led to changes in the medium term mine plan.
The company, which supplies about 40 percent of the world
market for tantalum, said the division reported excellent
production, costs and sales for the September quarter.
Production of tantalum, a key component in mobile phones and
other portable electronic devices, was 724,328 pounds for the
quarter, up from 716,494 pounds in the June quarter.
However, Sons of Gwalia flagged last Friday it would be
unlikely to meet market expectations for its first-half and
full-year profit in 2002/03 due to the problems at Tarmoola and
slower demand for tantalum, which would lead to lower sales.
Perhaps tantalum will take off again, when the digital regime is in full swing.?
SGW
sons of gwalia limited
10 yr low @ 1.85.. i'm watching like a hawk.Here's an article...
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