SGW sons of gwalia limited

SGW as I can recall were the masters of forward selling. Year...

  1. 136 Posts.
    SGW as I can recall were the masters of forward selling. Year after year they were achieving AUD$600 returns from gold sales, substantially above the spot price.

    It seems that you cannot sell forward in AUD$. ?

    So if it is done in USD$, there is not a (self contained)forward sell or hedge at all.

    A second risk opens up, which could go anywhere. That is, the fluctuation between the AUD$ and the $USD.

    The same thing applies, whether it is to do with gold or tantalum.

    I am sorry to say, but why would you buy this stock, with a falling sword offered to you? Did you consider..."let the trend be your friend".

    Your 5% stop loss was a good strategy.

    Did a broking firm recommend the stock? When? And name them please!



 
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