SBM 2.50% 20.5¢ st barbara limited

Ann: SLR:Improved Proposal to Acquire St Barbara's Leonora Assets, page-3

  1. 2,811 Posts.
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    So I think it's fair to say 1/ SBM shareholders have never wanted to sell their most valuable assets, which are the gold assets in the Leonora area. 2/ Consolidation of the Leonora area is not a bad idea, 3/ the SBM share price has been systematically driven down by institutional shorting to drive down the share price/market cap of the company to a level where a startup with an inflated share price/market cap can claim to be an equal and a superior. 4/ Up until very recently any discussions have been around mergers not fire sales of the Leonora assets.

    If Silver Lake want to knock Genesis out of the park they should go back to a merger situation and offer 1 SLR share for every SBM share. I believe SBM shareholders would vote in favor of a merger with SLR on that basis. It would put SLR in the drivers seat over Leonora area and they could spin off the PNG and Canada assets if they wanted to in the future.

    Thoughts?

 
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