Ann: Notice of General Meeting, page-6

So by my estimate they'll have $2.3m AUD by 1st April from Nido sale and existing cash. The question is going to be how much cash have they made in the December quarter for red sky and California if it is about $1.25m aud per quarter that I estimated then we'll be about $4.8m come 1st April. In this case unlikely to need to capital raise at all for their $7.5m in spend over the next 12 months.

So a company with a market cap of $7.7m will be able to run capital intensive growth projects to the value of $7.5m pretty much!

I'm presuming Xstate is along for the ride as well the above would just be SGC's portion.

The other interesting thing is they are forecasting $2m into new ventures but sounds like an existing asset or assets so they've got their eye on something to buy with Xstate imo.