3 announcements in the past week after a drought of quite a while and the directors interstate for meetings. So what is happening? my gut reaction is that all the loose ends are being tidied up in preparation for the big news that we have been awaiting. The notices appear to inform holders and the market that something is in the wind but are being released in a manner of correct housekeeping to ensure the paperwork trail is completed in the correct manner prior to funding being announced. With regards to the timing we should look at the options factor as they will play a key role here. When fully exercised SFG will receive nearly $15 million which is a solid percentage of the first round of contracts mentioned. There will be a lead time to distribute notices and advice on how to take up the options and period of time for the holders to organise funding. there will need to be a good increase in the share price over a few weeks before the expiry date to satisfy holders that the price will not slip back. I have mentioned before that i am a strong believer and supporter of the project and have "put up" by adding another 10% to my holding this month which includes the options conversion. "Alea iacta est."
SFG Price at posting:
8.6¢ Sentiment: Buy Disclosure: Held
