Not sure how you cash in options when they expire in December,...

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kingrose

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12/01/21

10:34

Post #: 50104705
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Originally posted by Holmes123: ↑

Confused regarding market capacity regarding SGC & XST we hold @ the moment 76% Borba XST hold 24%. Mkt capacity approximately $25 Mil & $15 all on Borba if XST is $15Mil we should be $45Mil which would have us 12 to13c I find this strange anyone any ideas.
We are apparently looking for a farm in partner to help fund the drill & reduce risk so we hold around 51% of the drill. Why don’t they cash in the 4c options that would raise over $5 Mil take a risk be greedy still hold 76% of the drill. The 4c options expire in Dec 21. Do that and we are then fully funded, being positive now when we
hit the sweet spot we are going to be a lot higher than 7.2 c. Now being very conservative let’s say we are @ 25c we require funding to fully evaluate Borba. We do a placement @ 20c 50,000,000 shares we have raised $10Mil with the options @ 4c & placement 20c we are have not diluted the shares that much still less than 500,000,000 shares.
Now back to the real world think it is best to leave this in the safe hands of the main man G.J. who runs this company on an oily rag.
As an overseas investor in SGC it was not possible for me to participate in the 4c options. At the time I really did not want to miss out so bought more shares at the time I think they where just over 2c. plus it brought my average down.
I posted earlier in the year the shares had went in to the bottom drawer @ 0.8c when they moved up to just over 2 c bought some more still bringing average down. Now holding 2,470,000 @ average 6.4c in profit now.
To say I am excited about this drill would be an understatement, hopefully biggest problem is for me now is top slicing but making sure keeping a large holding. Will want to see 25c before cashing in some.
Good fortune to all SGC holders very exciting times ahead bring it on.

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Not sure how you cash in options when they expire in December, its not the companies call.

SGC Price at posting: 7.9¢ Sentiment: Hold Disclosure: Held
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