Ann: Desert Lion Energy shareholders approve merger, page-8

Been buying some DLI shares on the TSX the last couple of days at 9.5c Canadian. That corresponds to roughly 1.9c Australian per LPD share (I get 5.4 LPD shares for any DLI share).

So seems to me that the DLI SP is clearly undervalued. Bit surprised that there are not more people buying them at this level and at the same time surprised people are selling them so cheaply. If they want to get rid of their DLI shares it is probably better to wait until after the conversion to LPD shares and then sell them. So I expect (fear is to big a word) that many of the current DLI holders will sell their LPD shares once the conversion is done. Will give some pressure on the LPD SP but with all the good news in the pipeline it should be not to difficult to overcome that hurdle!