Hate to be skeptical but timing of SBL takeover and AVB results interesting (AVB another Mathew Wood company).
I am sure the timing helps the Mathew Wood brand in helping him to convince major shareholders to take up the Lionsgold offer.
You can do well with Mathew Wood companies when it suits him...question is whether this deal suits him more than us shareholders for other reasons yet to be disclosed...
So Mr Wood...can you reveal do you have any relationships with the parties involved in this bid? Have you been offered any board position in Liongold going forward? If the takeover is successful what will this mean in relation to your ongoing role in the company? Can you advise what your average transaction price is for the shares you hold? Can you advise where you plan to allocate the funds you receive for these shares? (ie another deal you perhaps have lined up).
As you are the Chairman you have a duty of disclosure....and I think we all need to have answers to the above questions....or at least giving those answers to ASIC..
SBL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held