$1.6 million in cash...

Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

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red911

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$1.6 million in cash...

posted on Oct 26, 2009 01:10PM

Latest presentation indicates SGX has $1.6 million in cash as of October 2009... that probably includes costs of PL and SP drill programs... 2,000m of GE drill program left to finance... that doesn't leave much money for much else...

Another PP at these prices (i.e. just $600K for every 10M shares issued) OR will pending results move us to 15-20 cents and we see some options and warrants exercised?... I hope we do not see PP at these prices before results are released... have already seen too many shares issued at below 5 cents (i.e. Puma merger)... but hey what do I know... LOL.