A possible closure of gold mines, contractual troubles with Tantalum buyers, and the prospect of some major writedowns impacting the full year bottom line result. In addition the hedge book factor is on the wrong side of the ledger at the moment. SGW is looking down the barrel of a $150 million loss/writedown- and a strategic review underway - announcment on Aug 23.
And some punters it seems are jumping in? Good on 'em. A classic example of intuitve investing, or shutting your eyes while trying to catch that falling knife?
SGW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
