Goldhaven: Thanks!

Freedom 55: In addition to the many promising properties SGX has... i.e. Jacobus East or Golden Extension (Au, drilling complete), Onaman (Cu-Ag-Au, recent NI 43-101), Jacobus South (Ni-Cu, very old NI 43-101), Kerrs (Au, JVd to OAK-v), Paint Lake (Au, right next to east Brookbank, drilling underway), Solomon's Pillars (Au, stripping and trenching underway), etc... which, as Goldhaven has said there is much written about here... the other aspect of SGX you should be aware of that some portray in a very negative light is share count... granted 250 million shares is not a small number, but whos owns these shares is more important... see my previous post on SGX share structure below... for example, Kinross Gold owns 8.6% of SGX as a results of recent CPW-v acquisition... that's right Kinross Gold... many other intsitutions, funds, and insiders own a total of at least 45.5% of SGX... and this is based entirely on what I came up with in a couple of hours searching sedi.ca and sedar.com... likely higher.

red911

SGX Share Structure...

Further to fact that it's more important who owns the shares than how many are outstanding... cross-referenced stockwatch.com 'holders' list (which is rarely complete or up-to-date) with latest December 31st documents from sedar and insider reports from sedi and came up with the following... keep in mind this is not a complete list by any means... just what I came up with in an hour or so work...

At least 32% of SGX shares are held by institutions or fund or insiders or Kinross Gold Corp... on a fully-diluted basis this number is likely higher because it is these same entities who also typically hold options and warrants. A further 13.4% will be held by CPW-v shareholders other than Kinross, Firebird Republics Fund, and CPW-v insiders. Assuming a large portion of these also held by Eurpoean funds and institutions (as CPW-v was very thinly traded) then I think we can assume upwards of 40% of SGX shares are held by institutions or fund or insiders or Kinross Gold Corp. Remember, this is an 'at least' number based on what I could dig up this afternoon. In all likelihood it is higher.

Tell me this is not significant.

Question not 'how many' but 'who owns them' IMO. See if you can find anymore holders not on this list.

red911