I think you are right Choppah.
I haven't yet read the documentation properly. Will try to do so over the weekend plus there is the Bidders/Target statement stuff to come. Be that as it may I note that there are no minimum acceptance conditions. If so it is possible that maybe 20-30% of the shares, (not including the 30%), may remain out of LionGold clutches. In which case SBL may well be able to be still traded on the ASX and interestingly LionGold may not even get a majority of ALL the SBL shares.
Not so sure about their liquidity at that point however.
Lots of questions & issues which hopefully will be addressed over the next few weeks.
On the plus side I got my wish for some new Directors and a cornerstone investor. If we don't sell out it might be a good thing.
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