don't be conned

Look at all the elaborate takeover tactics being put into play...

Placement to Infitil, a subsid of Asiason who is major shareholder of Lionsgold and obviously key orchestrator in this deal to secure the acquisition of SBL.

This is all about supporting what they know is a very low ball bid for SBL and hence to thwart other bidders coming in with higher bids..

This is done by offering to the bidding parties partners additional shares and stacking SBL with their own directors...

And guess what this is what SBL's management has helped to support ie stopping a raider coming in with a higher takeover offer...

Might be in SBL's management interests (securing their own future) but definitely not in shareholders interest (getting an appropriate bid price which reflects the inherent value of the asset without the takeover poison pills and other takeover ploys being orchestrated.

Only thing I know at the moment is:
1. SBL on EV/oz is ridiculously undervalued and no where near approaching fair value at 2 cent offer given current JORC and more significantly the inherant potential given in one of the world richest gold belts in the Ashani region
2. Recent acquistions in this space make the takeover offer a complete joke
3. It is clear SBL has a valuable asset hence the seedy takeover ploys worked out with SBL management in an attempt to secure this asset at a song by trying to block another raider to come in with a offer that more reflects fair value with their elaborate takeover tactics to thwart other bidders
4. This is not in the best interests of shareholders in my view, but SBL management, Lionsgold shareholders and their investment bankers behind this deal...
5. I have no confidence or trust in the board or management of SBL, in terms of their transparency or ability to act in the best interests of shareholders
6. I have no intention of selling my shares to support their honey trap to secure our shares way below their true fair value