Ann: Corporate Structure & Company Update, page-4

Looks as if they are finally turning this ship around. Hopefully we find some positive movement with the SP in the next few months.
HIGHLIGHTS
Successful completion of recent rights issue and placement which raised a combined total of $1,122,126 (before costs)
Sovereign Gold (SOC) to be completely debt-free with balance of company debt to be repaid from the proceeds of recent sale of noncore asset
Lodgement of R&D Tax Incentive claim has the potential to return $1.235M spent on R&D to Sovereign Gold
Expects to update the market shortly regarding its pending potential $2M JV with Chinese consortium at its flagship Gold Resource Mt Adrah which contains a Mineral Resource estimate* of 770,000 oz of gold (440,000 oz Indicated; 330,000 oz Inferred) within a total Mineral Resource estimate of 20.5 Mt at 1.1 g/t gold, at various cutoff grades
SOC expects to update the market shortly regarding its fully funded aggressive 2015 Drilling Campaign
Diamond drilling at the Rocky River Gold Project commenced
SOC actively pursuing opportunities to enhance shareholder value