If you look carefully they had loan facilities as follows:
CORPORATE:
• St George secures loan facilities of USD4million and AUD1million
• St George fully funded for drilling in 2019
OK, so they were fully funded ONLY because they would be using the loan facilities on which they were paying interest. Not only that but they would be giving 7.5m options for each USD1m drawdown exercisable at 18c on the USD4m loan.
So, IMO a good idea to cut it out and raise funding through CR!
If you look carefully they had loan facilities as...
Add SGQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $25.70M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.6¢ | 2.6¢ | $8.909K | 342.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1258142 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 5215 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
2.6¢ |
Change
0.001 ( 4.00 %) |
||||
| Open | High | Low | Volume | ||
| 2.6¢ | 2.6¢ | 2.6¢ | 34889 | ||
| Last updated 13.13pm 14/06/2024 ? | |||||
| SGQ (ASX) Chart |