lg bid at 17.9c - offered 13.5c, page-2

LG bid now sitting at 17.6c

What's more interesting though is post the placement to LG CGT has
- $18m cash
- 300m shares

6c ps in cash !!

and now cash positive with gold output increasing ??!

at target 50k oz pa CGT earning about 10c ps pa (assuming $600/oz margin)

why does anyone like LG bid ??

why the discount to LG bid ??