.... lion gold are share price poison ...have you guys had a read of the SBL thread?....it seems any company they touch the shareholders suffer....
in fact look at any of the threads of companies they are invested in and you will hear comments similar to yours above webral.
for example from CTO thread......
"So it was LionGold that caused the big drop in SP on 3 March. In summary the announcement says that on 3 March LionGold diluted its share holding by 15,001,318 shares obtaining $341,092.56 or 2.2967c per share They did this again on 6 March selling 4,600,000 shares at 1.83c obtaining $84,180.00. This diluted their share holding (voting power) from 14.98% to 13.73%. I wonder why."
investigations into liongold...
http://www.wsj.com/articles/SB10001424052702303847804579477120708849230
.....it seems to me that liongolds MO is to run down share price on their targets and take them over on the cheap.....
from SBL thread ....
http://hotcopper.com.au/posts/11861913/single
"For the FIRST TIME in this saga, LG have finally laid out some physical cash for SBL. A grand total of around $94,000 if my calculations are correct.
On paper SBL appears to have achieved their goal of reducing the admin costs.
LG gain is less than 1% leaving them somewhere around 77-78% from memory.
The rest of us hold somewhere around 22% (rough guess from past figures) seem no worse off and SBL is still on the ASX for sometime yet.
A 12% buffer to compulsory acquisition seems a comfortable margin at this point in time.
A win / win is my only acceptable outcome. LG can have the gold just give us a respectable offer for the gold that's in the ground.
2 cents didn't interest the holders in the original takeover offer so they need to think well north of that and in cash.
I'm still happy to loose the lot (or whats left)rather than give this company to LG for nothing. "
