All scrip / no cash bid with no minimum acceptance??
They expect people with ASX-listed stock to take shares in Singapore listed company? Can't be traded by most retail investors in Au.
They expect SBL shareholders to watch Sing $ exchange rate and LionGold share price to calculate $A value of offer per SBL share?
They want to take a stake in SBL without getting complete control so they can integrate it into their Ghana other operations?
I don't think so !!!
I don't want LionGold shares (who does?!) and I don't want a new controller of the company possibly running the ops against interests of the remaining minor shareholders.
I want a cash bid that will get LionGold to >90%. Don't know what that bid would have to be but it's more than lowball 2cps.
SBL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held