"I can't see or understand how SGX will come up with $9M to close the deal. If you do, please share it with us."

Obviously, a company worth only 13 Million dollars doesn't want to issue shares at .05 to raise the needed cash. It's a possibility, of course, but not likely.

One possibility is for Sage to create an entirely new company, with the purpose of producing gold in the near term. It should be able to raise enough cash that way to satisfy its obligations.

I'm not an expert in this field, but Sage must have a plan and they will have to announce it in the near future. Either way, we'll know soon enough.