CGT 0.00% 21.0¢ castlemaine goldfields limited

Ann: Change in substantial holding , page-12

  1. LZA
    1,858 Posts.
    Yes, there is the option that you can elect to have your liongold shares sold at market and SGD converted and reverted to you, but when they did that with SBL sale, they just dumped it all on the market and the price fell 7% on the day, and then there is currency conversion loss as well.
    of course you have to wait 1 month after offer closes to get the shares and then wait a further week for the share certificate.
    my main concern is that LG will have to do a capital raising to fund all the mines it is running and they can only mean a fall in the share price.
 
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