lion sp roaring , page-5

If the directors have rolled over then it's pretty much all over.

Liongold does appear to be mostly smoke and mirrors, but they are using those smoke and mirrors to gain assetts. At this time last year they were selling office equipment and green investment opportunities.

Take a look at the SBL takeover, another all script offer. Liongold had bugger-all cash at the time and still doesn't have much compared to it's stratispheric valuation.

Offer was 1 LG share for 34 SBL share. Which valued SBL shares at (AUD) 1.9c at time of offer. If the offer was accepted and the LG shares held on SGX then those SBL shares would have a value of (AUD) 2.9 cents as of June 29th close. But you have to hold on for the ride. The LG shares that were sold on market at the close of the offer were under water.

Cheers

U.Plodder