POOR DEAL for SHAREHOLDERS GOOD DEAL for RIO/NEWMONT SELLLooking at the deal with both Newmont and RIO Canada, both Rio Tinto and Newmont came out with Great Deals, Rio buys into SGF at where it was trading before any move - 18.5 cents, smart on Rio's part, did not buy the PUMP/HYPE certain Traders try to pump the stock to. Cost to Rio Tinto, is low if they truly find a resource to spend over $2 Billion to bring into production. But, suggest going forward if Rio decides they may end up mothballing this project for a long time until the funds in the Finanical MKTS can be raised, the funds are not there for this project and Rio does not have the CASH to put $2 Billion into this project unless the MKTS provide it.
Newmont, had basically written off this project, they come up and capute more shares a lot more shares and special rights if Rio moves it forward.
SGF share holders are stuck with an over valued stock at 34 cents where Rio pays 18.5 cents, SGF looses control of the project if Rio decides to move forward, share holders get nothing except a low price stock under 20 cents, Shore MGMT, for now keeps their jobs, exect Rio to make changes, they keep George and get rid of the rest of the team.
The group of Traders who have been pumping this stock seeking suckers to buy at 30 cents plus did well selling their shares to the suckers.
SGF in the end will fall under 10 cents and go no bid over time. Benifits Rio.
All the above in my humble oinion and based on financial mkts, sedar, published news and etc.
I have invested in SGf since 2003 and currently own no shares of SGF. Time to sell SGF when it crossed 30 cents. Also, was a share holder in Kennsington when SGF bought them out and watch this stock closely and observed the Trading Games by certain group of traders.