An LG presentation from April 2011 predicted gold production of 3000oz/month by March 2012 (probably including SBL's output). IF this comes to fruition, then takeover acceptances should markedy increase, as we shall soon find out.
LG's finacials revealed a whopping $177K revenue from gold mining in the last QTR of calender year 2011. It does appear (although I could be wrong)that that revenue contributed to consultancy fees, by the exact amount!
Meeting targets is what stops the bell from tolling for small caps in particular. Few could disagree, that in part, SBL failed as a result of NOT meeting targets (24000oz in 1st year of production). If this turns out to be the case with LG, then you may as well switch off the plug on our ICU patient.
And lastly, why do we keep getting referred to as ticker code 'SML' by our suitors!
One Last Gasp!
SBL Price at posting:
1.5¢ Sentiment: None Disclosure: Held
