I don't know about the politics in the Philippines, anything involving politics is a big risk.
Look at PEP11 and the Morrison government, it's all politics.
SGC is trying. They seem to be giving it a good shot.
Will there be delays? Probably. Most projects are delayed in real life situations, especially anything to do with government.
Will the shortage of oil, record oil prices and the war in Ukraine help with the approval process? I don't know.
In my opinion i would like to think all these factors will help the situation.
If you are waiting for the approval before you buy in, you will be buying at a huge premium and then there will be other risks that will need to be overcome, and if those risks are overcome, you will buy in at another huge premium.
So when do you buy in? If you believe SGC has no chance of approval, you don't.
If you believe the Canadian assets are next to worthless you don't.
As I have said before, everything has it's risks.
Everyone needs to do their own research in a company, listen to others opinions and decide for themselves if they agree with those opinions.
No-one knows the future, not me and not you.
SGC Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
(20min delay)