re: Ann: Notice declaring Takeover Offer unco... They've just...

re: Ann: Notice declaring Takeover Offer unco... They've just abbreviated the name rather than using the ticker (they're that unorganised they probably don't know the ticker)

All it means is they currently show no intention of extending their offer past the 16th of March (probably another 7 bidders statements to be released in the next week regardless). If you were planning on accepting the offer it must be done before this time. As there was no minimum acceptance no this offer Lion will walk away with their 32% and that's it. What happens next is yet to be seen, they may revise their offer so to get a bigger stake or they may just walk away with their tail between their legs.

SBL in the mean time continues to function shipping gold weekly and hopefully we get a new board that aren't bias towards liongold.