This is beyond hilarious! A raise of around USD 500K?!? For working capital...aka salaries and office chairs in Manila. 8 months from now SC6B expires. Where is the drilling rig contract announcement for the EWT? Drillship? Those pipes of 12 months ago are starting to get rusty. I still predict a renomination is going to happen and SGC will lose their SCs in the Philippines.
Nice try on the pump and dump. Still sitting below 1 cent after the previous to this announcement (the PNOC deal?).
Ann: A$630k Share Placement for Philippines Projects, page-5
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