It is interesting though that in their last quarterly, SGW claimed a $168 cash margin for the quarter.
However, your detailed reply (which was appreciated) probably casts in better light the following observation, just through from OzEquities: ..... "The appointment immediately preceded announcement of the foreshadowed review of the company's operations and arose following the inability of the company to obtain agreement of all creditor counterparties to a standstill agreement. The review of operations identified a serious deterioration in the status of the gold reserves and resources which raised concerns about the company's ability to meet its hedge book commitments."
SGW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
