re: Ann: Sixth Supplementary Bidder's Sta...
TU as that seems a pretty reasonable summation of where things currently sit today Peteski.
We also have the peace of mind that a major CR is not required in the foreseeable future as LG Directors have offered to tip in $3m of funding until commercial operations have commenced and their offer is now unconditional. (I was under the impression that commercial operations had already commenced but maybe I misunderstood what they had previously outlined in the last quarterly).
This is good as it means the "Going Concern" statement in the HY is covered for the next quarter.
Anyway, we are all clear that 65% is effectively controlled by LG and we can sit tight and wait for the updates from LG and Weiss as and when they increase their stakes.
Effectively 1.7b shares are in LG’s control and they need 2.4b to get to 90%, so we have to monitor 700m shares changing hands over the next week.
SBL Price at posting:
1.8¢ Sentiment: None Disclosure: Held