RE:RE:Probably yes, ppp, but impossible to tell....Invest234, I have zero faith in current sgi Board......the main pit deeps project, imo, was a ruse to exhaust our working capital, not waste it but exhaust it, and thus justify the cyl bs.
Let me remind you, SGI couldn't use the main pit deeps resource anyway, because they had little room in our tailing pit, yet, they started the project in the middle of a major covid outbreak in WA, when they couldn't get a professional conractor with trucks and other equipment, they chose to 'go it alone'...do it using whatever truckers etc they could find, they continued in the face of massive increased in diesel prices, they used men and resources that were being used underground.........WHY ? When they couldn't process the ore uncovered ? BECAUSE imo, this cyl deal was mapped out some time ago.......our directors, imo, threw us under the bus for their own financial benefit.......
NO, I do not trust them.
You mention the typhoon......yes, it happened, and hurt, but the absurdity was that SGI was spending 10 to 15 million dollars doing work that was not needed, where the ore uncovered could not be used till 2024 !!!!!! Wtf.
ie....it was all a setup .......and I'm not a conspiracy theorist kind of person...this just seems as obvious as the grand canyon.
WE own a viable gold mine that, as you point out, is quite capable of making good money, when we stick to our knitting, and providing gold prices are reasonable.
Wish I/we had the funds to challenge the Bod with another, a compentent, experienced, honest, shareholder oriented Board of Directors.