There we have it, an after hours slip under the radar type quarterly..
Notice the spend on staff, admin and corporate costs, $960,000 for the quarter, not far off what ENR spend for the entire year!!
This is just an over bloated waste of shareholder funds.
ENR have spent a total of $9.5M on staff, admin, ppe, corporate and exploration while SGQ spent $8.6M on the same group of activities..
However ENR spent $8.5M on ppe and exploration, while SGQ managed to spend just $4.4M on the same..
Not much bang for buck here, and with the excessively high staff, admin and corporate costs here, only just over 2 quarters of cash left if they spend nothing on exploration and evaluation...
SGQ Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
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