Letters p79 the Australian Financial Review
Thursday 20 October 2011
LionGold too low
Taking Stock's Signature Metals (October18) highlights that as a growing gold producer, the company is very much undervalued by the market at its current price of about 1.5c. The takeover offer by Singapore-listed LionGold Corp of one of its overvalued shares for 34 Signature Metals shares is far too low and opportunistic. An offer at 5c cash would give shareholders something worthwhile. The directors should withdraw their support for this ridiculous offer.
George Citer
Seaforth NSW
Letters p79 the Australian Financial ReviewThursday 20 October...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)