hi Stocktrain, really glad to see another focusing on the stock, I just took it as though SGC was pulling the reins, as IGE management were not delivering what was promised. The announcement reads to me that a full scale production plan was required to be put in place for SGC to continue funding the project. Basically I feel SGC is calling the shots now that IGE failed to get their ducks in a row. That could be a very good thing actually. As it's only stated that December funds are approved and IGE may have to actually start hitting deadlines and progressing this project toward completion to continue to access funds. Perhaps the honeymoon is over and real consequences have been introduced.
i don't think much of the major oil company equity statement, at this stage it's just an idea, SGC might have wanted it.
IGE Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
