CGT
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0.00% 21.0¢ castlemaine goldfields limited

another way to look at it is Lion owns about 2.1billion SBL...

  1. Alex999
    3,827 Posts.
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    22/04/12
    14:04
    Post #: 10017749
    another way to look at it is Lion owns about 2.1billion SBL shares. So each Lion share is backed by about 3 SBL shares (and not a lot else)

    So the 2 for 9 deal recommended is like 6 SBL shares for 9 CGT shares. That's 10c worth of SBL shares for $1 worth of CGT shares (priced before bid announced).

    Takeover bids don't get much more absurdly audacious than this.
    CGT Price at posting: 14.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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