GREY:SGGDF - Post by User
Post by
JerryFrancison Dec 26, 2007 5:12pm
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Post# 14123242
A solid post from W6W. on the other forum
A solid post from W6W. on the other forumProActive SGX
Posted by: w6w9t8015 on December 26, 2007 04:31PM
First chance to sit down and have a few beers and read the AR, WOW a good read. So they have a drill for 3 years!!! Cheers back to the fridge
Read this
On November 1, 2007, Sage signed an agreement with Cobra Diamond Drilling Limited, whereby Sage
agreed to advance $500,000 in order to obtain an exclusive right to the services of a diamond drill rig for
a period of twelve months, together with a first right of refusal on the services of the drill rig for a period of
three years. The advance will be repaid to Sage, based on a mutually agreed upon calculation, by partial
deduction from Cobra’s monthly drilling invoices. The agreement calls for a minimum drilling commitment
of 22,000 metres, by which time the advance will have been repaid.
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Long range planning from several different directions. Not much grass growing under these guys feet.
erry Francis