I do wish I do work for those guys! If I did, I wouldnt have so many questions that I want answers for! I am glad that my opinions have led you think that I work for them, but unfortunately I dont.
You have got me wrong here Londoner. I DO NOT support Lions T/O offer, not at 2cents. SBL is worth way more than that as per my explanations in one of my previous posts
Not having any other bidders atm, my logical thinking is teling me that its better to let someone new a go at running SBL, especially when Lion is able to explore the vast potential of underground mining of gold in which SBL alone is not able to do. I am sick of Bill and co. especially with the way they communicate with us shareholders. I really do hope Lion will come back with a better offer if this 1st offer is rejected. You can bet on it that I will be rejecting this 1st offer.
Having some unknown non-mining foreign firm like Lion to run SBL is definitely not my 1st choice. I would rather see another gold miner offer a T/O on SBL, especially if its listed on the ASX. But unfortunately, we dont have any other bidders atm, and Lion stands out to be superior to Bill and co.
As for joining on 13th september, I came into goldies due to the current crisis we are having now, gold stocks are undervalued and POG is rising. From history, my estimates are that gold stock price will bounch in the next 6-9 months hence my horizon with SBL. I dont really have time to search around the ASX for other undervalued goldies atm, due to still working full time, and I am implementing Buffet's strategy of "why diversify when you know the company you are investing in has good potential to grow".
By all means Londoner, I am just an average joe trying to make a good return on my investments. Dont forget I also posted that top post "those who do not accept the offer, say i" the same day the T/O offer came out!
SBL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
