Agreed I can't see it staying at shell company value. I think this should unlock $US 2-3m of cash for SGC upon sale.
Looks like they will need to call an EGM to vote on the sale of Nido to Blue Sky Resources. Nido is basically a phillipino company looking at majority of employees.
Unsure how much cash it unlocks for SGC but I'm sure they will reveal that as part of those details.
Funny as well if the drill ship is on time for January it's taken PNOC quite some time to stump up the cash. XST must be chomping at the bit to reveal why they walked away from Anshof-2 and they can't do that unless SGC has the money for their end of the deal.
Agreed I can't see it staying at shell company value. I...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SGC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.119M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $21.21K | 5.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 32452091 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1540694 | 1 |
View Market Depth
| Last trade - 15.22pm 21/06/2024 (20 minute delay) ? |
| SGC (ASX) Chart |