SGQ 3.33% 3.1¢ st george mining limited

I would suggest that if not on this drill, then the next they...

  1. 7,309 Posts.
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    I would suggest that if not on this drill, then the next they will be doing what ever they can to put "DISCOVERY" into the announcement....... and this is why I think that.

    SGQ has 89.3m shares on issue following the recent placement to raise $1.2m at $0.12/sh. There are 48.5m listed options (SGQO) at an exercise of 20c expiring on 28 November 2014 and 100 performance shares. A successful drilling campaign would likely place these options in the money and if exercised would provide close to $10m to SGQ. There are a further 1.75m employee options which consists of:
     0.75m options exercisable at 0.25/sh expiring on 28 November 2014 and;
     1m options exercisable at $0.40/sh expiring on 28 November 2015.

    These options if exercised are worth upto $10m......That is far to much money to go by the wayside..

    Matt
 
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