How much does BTO own of SGD currently?and what do you think are the plans of BTO with SGD?
Are there any other companies eying SGD right now that you are aware of?
What are your thoughts in general about SGD?
BTO subscribed for its pro-rata share of the recent financing to maintain its 9.9% interest in SGD. We are not aware of others 'eyeing' it but in the current gold environment we are sure many companies are looking at potential M&A opportunities. BTO likely simply wants a 'seat at the table' if the company goes into play. 18526 Yukon (private mineral company) already owns 17% and a board member owns 10%. An investment fund owns 7%. No deal will happen here without 18526's blessing. The stock has done well and market cap now is nicely above $1B, which can bring out new eyes to the company. It has a good balance sheet and good development assets that continue to advance. We would consider it a good stock within the 'developer' category and we continue to like the sector overall.