SGF is Dead Money - Financing & MGMT Poor SGF is dead money. The $1.5 to $2 Billion Plus you hear about, whispers and maounts being thrown around to bring this into production? Not possible in this MKT especially with this MGMT Team, in my humble opinion.
How are they going to raise these funds? at this stock Price? How many Billions of shares? these funds are not available, in my humble opinion.
MGMT Team, except for George Reed, is poor in my opinion. They have wasted a lot of $$$$, in my opinion.
One of their larger share holders, FNR, has financial issues and cannot be counted on for more investment, refer to FNR's press release on this subject, in my opinion. FNR is run by Ken MacNeill's brother Tom MacNeill.
Newmont - from what you hear wants to sell their portion of the property. Can't, so far find a buyer.
The only way, in my opinion SGF sees producton is bring in an entire new MGMT Team, with George Reed, Ken Mac Neill and the Board needs to resign and a REAL DIAMOND Miner needs to come in, one that has the ability to finance the project and production, all in my humble opinion.
SGF projected stock price to fall under 10 cents in this MKT, my opinion.