having received lion gold shares for SBL, i would point out that it takes 1 month from acceptance to be posted the lion gold certificate, and then a full 60 days from then to be able to trade lion gold shares via your own broker as it is in certificate form. that means at least 3 months in limbo when lion gold shares could plummet, or the POG.
imo this is far too risky for the upside of a few cents.
If holders elect the automatic sale of their lion gold shares, be aware that lion gold dropped about 7% on the day the broker sold the huge parcel from SBL t/o, and then there is currency conversion costs as well.
just for the benefit of CGT holders - i would take the 15 cents if it were me,
LZA
- Forums
- ASX - By Stock
- CGT
- Ann: Change in substantial holding
Ann: Change in substantial holding , page-7
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)