Danny, Geo, RGB and Singlemalt great posts..If I may add my two...

Danny, Geo, RGB and Singlemalt great posts..If I may add my two cents worth to the SGI discussion based on historical research …This is purely an opinion summary: Over 5 years ago the 1st guidance miss was due to Chris Bradbrook’s (ex-CEO) admission that after paying a premium of $66m (plus shares) for Plutonic Dome to NST 6 years ago, NST then took away key assets from the site just after the purchase deal was completed, more $$ were then needed to replace said items. 2nd miss was due to funds being used for prepaid royalties to NST and the harsh requirements of the first Auramet Gold loan together with put and call options which bled cash which IMO predominantly led to Mr Bradbrook’s resignation. Then new CEO Chris Jordaan comes in with more excuses for future missed guidance’s: Strategic planning disruption, Extended planned maintenance, Rain, COVID and staff shortages (interesting how there were no staff shortages at the executive level) all this despite persisting with Main Pit Deeps project, which lost multi millions for SGI…but wait there is more: Both then Chairman and CEO resigns, NST (multibillion $ gold producer) sells out as major shareholder of SGI @ 66 cents, NST director resigns from SGI board, NST Warrants expire with no take up at $1.50, the whole of the executive team and directors hold less than $65k worth of stock, the executive team are on extremely high wages (most with golden parachutes), director Tamara Brown who earnt IMO an exorbitant amount for 10 months’ work as temp CEO in 2021/2 travels to WA to put up the ‘For Sale ‘ sign when things were relatively good at SGI ! Any takers? No? Then incoming CEO Mr Jordaan replaces Ms Brown with a guaranteed payout to 2024 for whatever reason if terminated. Enters into a 2nd Auramet gold loan that will partially suck up the next 18 months of production waiting for another turnaround story to eventuate. Currently as at the end of 2022 SGI is losing US$200 for every Oz they process. And finally, SGI’s failure over the last 5 years to negotiate with VAN on reasonable terms to avoid litigation and recently the failure to do a deal with CYL. IMO this all led to an 85% share price drop from a year ago. This from a gold producer in a record gold boom!

Regardless my belief is that CYL will still do a deal with SGI and/or negotiate for the Degussa Plant owned by Sandfire Resources.

SO, IMO SGI now face three possible outcomes here: continue to put out for a ‘Hail Mary’ Appeals Court win (however if successful this will be Appealed), an Auramet and/or other creditors loan default and/or an acquirer of SGI or Plutonic Dome assets at a realistic price (circa: $50m)!

Currently CYL is the only horse in the race.

Interesting times ahead!

All IMO please DYOR.