agm stung in market punt, page-14

The announcements regarding Lion Selection are a bit odd. Their ceasing to be substantial shareholder suggests they sold on-market ?? Maybe they sold part on market and accepted offer for part.

Anyhow its interesting that Lion chose to accept the offer when they could have sold on market for more. Their reasoning may be, they are likely to get more ( from Zinifex ) when Zinifex raises their offer.

Accepting now and getting 1.00 with a 50% odds of another 10c later is statistically the same value as selling for 1.05 now.