Why did Cons. Puma want to merge with SAge??? Common sense says they had to be shown or Told something of significant value for 3 million $$$. This is the hope im clinging to.

Not necessarily. Consider the final numbers re: Puma transaction in the latest MD&A:

"Accordingly, a total of 62,317,876 treasury shares of Sage were issued to Puma
shareholders. Subsequent to related closing costs, Puma adds approximately $2.8 million net cash toSage’s bank account."

$2.8 million for 62.3 million shares works out to 4.5 cents per share. Puma shareholders (including Kinross) who basically held shares in a company that had nothing but cash (i.e. properties were all written off) exchanged their shares for shares of SGX at a price of 4.5 cents a piece... this at a time when SGX was trading at 6-7 cents. Puma shareholders got SGX shares at a discount not the other way around. Basically the same effect as a flow-through financing... likely not a coincidence. But hey... they had to raise money from somewhere and this was a creative way to do it.

red911