SGX has made some nice moves. Only question for the market now in terms of their value is their ability to raise funds. They announced a $2.5M PP some time ago and have only been able to raise $800K in 2 tranches thus far (one very small $200K tranche)... and had option agreement with GGN-t amended twice now pushing dates ahead so they can have more time to raise the small $400K SGX is required to give GGN-t to satisfy a term of the agreement. Therefore, are they having difficulty rainsing funds and filling this relatively small PP?... even after 10-1 consolidation. Not saying they are but at this stage it would appear to the market that they are. If they are then it is going to be a long summer for SGX until bankable feasibility study comes in months from now. If they had been able to fill this $2.5M PP quickly (i.e. closed upon announcement) and proceeded with aggressive drilling plans etc.... i.e. actually proved to the market they mean business... IMO market would have reacted very differently to SGX share price. They did not and it continues to drift lower. Long story short... I do think SGX has made some great progress but I just with things would finally start to move (or at least appear to move) quickly... that has never been the case with SGX IMO. So we wait and will wait.

red911