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Wednesday, February 10, 2010 11:19:19 AM
In my opinion this tells us that the CC sale is not imminent. If it was SGC would wait for a spike to sell the shares. It will be interesting to see if the dilution continues or if 20 million shares was enough to cover expenses for awhile. If SGC is having a cash flow problem they may have had no choice other than sell shares even if the CC approval is close. If this is the case then we may have finally seen the end of dilution.
I am holding here and will not add shares due to the increase in the A/S. I am thinking the O/S is still slightly under or at 1 billion shares and SGC will not go over that number if at all possible. My hope is that mining will solve their cash flow issue in the short term and the CC program will allow them to operate longer term without further dilution. Maybe even cancel the 1 billion A/S that were recently added. Is that reasonable? Take care and good luck.
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