https://finance.yahoo.com/news/superior-gold-reports-first-quarter-120900140.html
SGI produces $7m loss for the quarter burns through its cash including bridging loan , now misses 6/7 forecasted guidances, naysayers miss 10/10 predictions ..well no surprises here …SGI is now officially trading insolvent , now we can see why SGI need this T/O deal to go through , we can see why staff are leaving , why creditors are beyond nervous and why Auramet the gold loan provider are smiling….the folly and unsubstantiated chest pumping of winning court cases and being cashflow positive and profitable have now proven to be at best that of fiction. SGI are a basket case! I have revised my T/O bid from $4m to a $1
SGI continues to burn cash and record losses
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 (20min delay)
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Last
$1.01 |
Change
-0.045(4.27%) |
Mkt cap ! $223.7M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.06 | $1.00 | $322.3K | 313.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 96000 | 1 |
View Market Depth
| Last trade - 15.59pm 04/06/2024 (20 minute delay) ? |
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Last
$1.02 |
Change
-0.045 ( 4.69 %) |
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| Open | High | Low | Volume | ||
| $1.06 | $1.06 | $1.01 | 22266 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| CYL (ASX) Chart |