No I am not saying 'sell-out' at 5-6 cents... I am saying merge or be acquired by KXL for 30 million KXL shares (i.e. 1 KXL share for every 10 SGX shares)... create a bigger and stronger company with by far the biggest land position in the area...

The price (5-6 cents for SGX and 60 cents for KXL) of the merger is irrelevant... it's the relative price or ratio of company A to B that matters in such a merger... share prices of both companies are depressed... SGX shareholders would not 'sell-out' for 5-6 cents and be gone... heck we could all sell now on the public market for that... SGX shareholders would get shares of new combined company and, therefore, would participate in share price appreciation of bigger stronger new company going forward. Not a 'sell-out' by any means.

What's the alternative at this stage really? Issue millions more share for relatively little money?... Total shares fully-dilute already 300m... you want it to go to 400m?... 100m shares at 6 cents would only raise SGX $6 million. SGX share structure right now is weak... float is large, price is low, insiders have not been buying, Kinross has not been buying... it appears mgmt not committed to strengthening share structure... therefore, merger with KXL one positive way out that would actually increase shareholder value going forward IMO... right now prospects do not look good... unless something completely unexpected falls out of the sky...

red911