SBL signature metals limited

what to expect this week?

  1. 942 Posts.
    Hello fellow SBL holders. Well, sitting here thinking "what can we expect from SBL this week?" And I said to myself "OK what are the alternatives?"

    1. more of the same
    2. more of the same
    3. the sp gets pushed down
    or
    4. more of the same

    So I see bugger all happening until infiniti has sold all of their shares to Lion at 1.4/1.5. How long will that take? When is the deal supposed to be done?

    "The Offer is expected to close late in December 2011, subject to any extensions".

    Hm - what's that? "The Offer is expected to close late in
    December 2011, subject to any extensions"!!!!!!!!!

    Could this then go on till January or longer until Infiniti has sold all thier shares and us suckers who can't wait indefinately to access their cash are forced to sell out?

    Lets see:
    133,333,333 shares to be issued immediately
    133,333,333 shares to be issued on or before 15 October 86,104,014 shares to be issued on or before 15 November

    An average daily vol of say 10 million, this could go on for the rest of november - if that all of that volume is indeed Infiniti selling - which I doubt. Xmas? Maybe.

    What do you guys think?
 
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