More than likely our listed options - SGQOA - that most people paid good money for - will shortly expire worthless.
Although while SGQ continue to drill, there is a chance that we do hit something that will take the SP considerably higher.. and perhaps even back over 20c -- at this stage it is not the most likely scenario.
As we have all been very loyal holders/ supporters of SGQ -- and in this case will be going down with our options -- I am opening this thread/ discussion to suggest that option holders contact the company ( JP 0411 421 253 ) and suggest that SGQ could make a new issue of options.. to option holders.. ie on a 1 for 1 basis.. or something similar.
Finer details, as to strike price and expiry date can be varied, but it would at least be "targeted" to the existing options holders in the first place -- who as stated above -- will likely lose their entire investment.
The shareholders of SGQ would also be given the same opportunity to subscribe/ apply -- as the offer cannot be made to option holders in isolation.
I have already spoken to John about this possibility, and I am sure that should many more people contact the company.. we could encourage/ persuade such a development
Imo.. JP and the board also carry their fair share of responsibility/blame for the current SGQ price, outside of market forces, and with the benefit of hindsight, would have done a few things differently in the past 12 months which in all likely-hood have resulted in SGQ not trading at the current miserable price of 13.5c
Power to the option holders..![]()
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2.6¢ |
Change
0.002(6.25%) |
Mkt cap ! $25.20M |
Open | High | Low | Value | Volume |
2.4¢ | 2.6¢ | 2.4¢ | $50.84K | 1.996M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 751317 | 2.4¢ |
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Price($) | Vol. | No. |
---|---|---|
2.6¢ | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 751317 | 0.024 |
6 | 3708719 | 0.023 |
4 | 4032040 | 0.022 |
2 | 260000 | 0.021 |
3 | 201000 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 6000 | 1 |
0.027 | 433400 | 3 |
0.028 | 709799 | 5 |
0.029 | 365701 | 2 |
0.030 | 402784 | 2 |
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