In my opinion SGC needs to find real investors instead of focusing on negotiations with shady 3rd world organizations. Preferably they should try to arrange something similar to Woulfe Mining's current arrangements.

Dundee Corporation (Ned Goodman) has invested in over 50,000,000 shares of Woulfe Mining, they have secured for themselves a place on the board of directors, and a position of power in this company. In order to turn the company around and help Woulfe Mining estabilish a unique World Class Tungsten Mine. They know the potential of massive profits to be made for many years from the tungsten mine is worth the risk. They were aware of the financial situation for quite some time and have the ability to provide the funds required in the short term or longer term. Will they allow this to fail and lose their invested capital? Do you really think they are so dumb that they would have purchased an additional 10,000,000 shares a few months ago without any foresight?

https://canadianinsider.com/node/7?menu_tickersearch=WOF+%7C+Woulfe+Mining

In my honest opinion WOF could easily go down in history as one of the greatest comeback stories of all time in the junior mining sector.
Once they turn this ship around it will be nothing but blue skies and smooth sailing.

Cheers!