SGW sons of gwalia limited

Doesn't mean its' dfinitely the en for SGW - stocks can come out...

  1. 5,123 Posts.
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    Doesn't mean its' dfinitely the en for SGW - stocks can come out of voluntary administration - this was a surprise though -it looks as if the holder of the US$ private placement notes (payable in 2 tranches in 2007 and 2009 as i recall) have take a severe look at the prospects of being paid back & decided in the negative. This is not surpiseing as the mines just don't seem to have enought extractable reserves to make it an attractive prospect of wating arounfd for it. SGW in a possible reincarnation, may be a more attractive beast -condolences to the traders who bought in - if you relied purely on technical analysis for your decision makeing - learn from the experience...
 
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Currently unlisted public company.

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