joint venture or toll milling vs. mergera jv with cyl is vastly better for sgi than a merger. giving away 80% of the company in a merger to access marymia is obscene when sgi already has 40% access to marymia without merger.
a simple toll milling is even better than a jv. sgi fills the mill to further reduce costs, does not have to invest capital for the marymia ore, gets paid cash for the toll milling, and automatically gets 40%. cyl after buying vango will be eager to convert vango ore into cash, otherwise their purchase of vango would be useless and look bad to their shareholders after cyl promised them consolidation. that is the beauty of sgi owning the mills. sgi has the upper hand by far and does not need to give away the company for nothing.
sgi profitable this year returning to 52 week high over $1 is a 5-bagger from current 21c. in the sgi year of profit, the gold price was near a$2400. now the gold price is way over a$2900 which is hugely profitable for sgi (forget about that year of hell fear when the gold price is this high). don't settle for peanuts instead of a multi-bagger. vote NO to highway robbery.