SGC 0.00% 0.4¢ sacgasco limited

I think you will find 10c is more accurate that $1 by year end....

  1. 5,933 Posts.
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    I think you will find 10c is more accurate that $1 by year end.
    SGC (and XST,EME) are short of cash, so fund raisings 'enmasse' shortly, imo.
    Testing is expensive, having a rig and crew onboard 24/7 sucks big cash... SGC are up for 50% of it.. do the maths.
    Testing will continue for an extended period of 'some months' according to the Co.... could go on til Q2 next year to gain a stable and sustainable flow... (or could end abruptly if no-flows)...again, do the maths,,, this will not be easy, nor a 'quick hook up to lines and ring the cash register'... imo, but what would I know lol
    DYOR
 
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