In the ASX query to SGC on the 12th February it was mentioned that the SGC cash position at end of December was $283k and an estimated cashflow to 31st March of $265k. So in under 3 weeks time they will only have $18k left in the bank.
SGC said in the response to the ASX query that they were planning a capital raising to meet its share of Borba drilling costs. Capital raising must be any day now to get much needed working capital at least, i can't see the capital raising also being for Borba though in this tough market (hopefully i am proven wrong would love to see the highly anticipated Borba drilled soon).
https://hotcopper.com.au/threads/an...-query.5221783/?post_id=42893149#.XmmkF68_WDY
Ann: December 2019 Quarterly Activities & Cashflow Report, page-93
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