Ann: SFG AAM Legune Completion and App 3B, page-57

Agreed Skiman4, that SFG has gone about its business over a number of years, to gradually tick off a number of milestones (many of which seemed insurmountable at the time).

And over the past 12 months it has brought on Nissui, as you mention after considerable due diligence by Nissui, plus finalization of the long term lease at Legune Station. These 2 milestones have taken the share price from around 5 - 6 cents 12 months ago to about double that today.

And as we all know its the finance yet to be delivered that stands between another likely rise in share price. I take a lot of comfort from the statement in the Chairman's address of 2018 AGM: " The  company  remains  resolute  in retaining  the  maximum  equity  ownership  of PSD by its shareholders specifically  and  by  Australians in general".

Under a favourable financing arrangement IMO the share price will ultimately be considerably higher, of course the timing of the final uplift depends on actual development schedule. But knowing how disciplined SFG management have been with each step of the process to date, I remain very confident  that SFG is a good speculative play now, and in time will finally be seen as a good investment  - attractive for investors not yet prepared to take a position in what remains a microcap spec!

Any reference to Tassal and its past receivership problems in 2002 is completely irrelevant to SFG's development and circumstances.