iron ore $ up., page-50

I also held a shares in signature metals which got taken over by Liongold in singapore, no doubt many of you will have known of it,

It was a script offer they never got the percentage up to compulsory acquisition, somewhere around 75% I think in the end.

For those who accepted such as myself the share price is equivalent of 2.7c now. I'm in the process of selling which is actually a bummer to do because they stuff around for 4-6 weeks to do that and you have to sign about 5 forms.

Incidentally if you accepted cash via a bundled sale of such sellers at the time you would have got about 2c or something like that and no power over what the share price was.

Those who didn't accept and kept signature it is now 0.8 c.

Those were really the really brave ones on hot copper.

For SDL if no counter or JV comes along just accept for goodness sake. Its ok to be optimistic until then (and not have people shoot you down for it) but you have to admit that time is running out for such an offer ..

I know its different to liongold, this is a cash offer but we don't want it to free fall which it will absolutely just like signature did, and I think that it will stay down there almost for ever in this market, like so many good stocks now which have great resources but only in the ground.. Then a new TO may happen yes but at THAT terrible value and desperate or new shareholders will accept.. yukky

So we all need to accept, and I totally agree that the new board's hearts were never with SDL but you have to be practical about things in this shitty market..