liongold, page-5

I’m just trying to keep an open mind here but Weis could be doing several things:

- Building a blocking stake to prevent 90% which they’ve already achieved.
- Hoping to obtain a board seat at a later date to monitor their investment as well as possible.
- Buying on market with the intention of accepting the LG offer that is currently on the table or a revised offer if one comes.
- Buying on market with the intention of selling their parcel off market for cash to LG after the offer lapses. Say for now Weiss may have spent $5-6m buying their stake. There is nothing to stop LG from dealing direct with them. They buy off market for an agreed price and premium for Weiss and then that way LG don’t have to force the price up on the open market for our shares. Now that LG has approval to dispose of assets they potentially have some cash coming in sometime soon.

I really don’t think Weiss would want LG shares, but I could see them selling for cash at a premium at a later stage.

If LG now holds 36.83% and Weiss 12.1% that’s getting very close to a combined 50.1% with one week on the offer still remaining.