RE: Action A little action? LOL
MAybe Kiwi sold all is shares
Why are you talking about St-Andrews?
There are 90% of junior gold stocks who did much better than SGX in the last 3 years!
They doubled the amount of directors since 2008 and still not being able to prove anything.
Nigel Lees is the only one buying this stocks and all the others received free share compensation!
As well Sage Gold had $106,000.00 cash! - Where do you go with this amount of money; NOT GOING TO PRODUCE FOR SURE IN THE NEAR FUTURE. They issue shares as they flush the toilet bowl!
After knocking everyone doors and begging for money... who else can they approach?
Being between 0.06-0.085 cents after a share for every 10 shares rollback is still a joke. Do the math!!
The Company has no current sources of revenue and relies primarily on the issuance of common shares to generate funds required to advance its property exploration and fund its administrative overhead. As at June 30, 2012, the Company had cash of $106,685 (September 30, 2011 - $731,284), short term investments of $20,000 (September 30, 2011 - $20,000) and a working capital deficit of $513,088 (September 30, 2011 - working capital of $379,836). The working capital at June 30, 2012 is not sufficient to support all of the Company’s operating expenses for the next twelve month period; additional financing will be required to enable the Company to complete its projected exploration budget and cover its overhead costs.
In August 2012, the Company closed a $1.5M pre-production financing with Waterton Global Value, L.P., ("Waterton") and received the first tranche of $1.0M less closing costs and costs related to completing acquisition of 60% of Clavos ("Debt Financing"). Net proceeds were $533,281. The second tranche of $500,000 will be advanced to Sage upon completion of a new resource study and acceptable scoping study. These funds are expected in late 2012. This Debt Financing replaces the previously announced non-binding convertible debt financing (see press release of May 16, 2012) and provides for the issuance of 6.0 million bonus common shares to Waterton. The interest rate is 9.5% per annum, and the term of the loan is for one year.