If so you could ask for a copy of the underwriting agreement?
Also, has anyone here contacted the company (SBL) and asked for either:
a) a copy of the underwriting agreement b) a list of the terms in the agreement (particularly in relation to exit clause)
I can appreciate there will be exit clauses in these agreements but I think the market should be informed of this info or it should AT LEAST be readily available for s/holders.
What I cant appreciate is what the point in having an underwriting agreement and paying the associated fees if they can just pull out if the market goes the wrong way for them?
What's the point in having the agreement at all - we could just save on fees and re-price the CR which is effectively what's happened anyway except we ARE still paying underwriting fees (for WHAT?).
CR at 2.5c - the stock is going to be punished tomorrow. I'm really disappointed & think even the first gold pour (whenever this eventually happens - market updates have been VERY POOR so this could be anytime) will have minimal impact on share price as everyone already knows this is about to happen so it should be factored into the share price already (or at least partly).
I'm a shareholder of SBL (though not as large as many others on here) so would appreciate if a large shareholder contacted the company & demanded some info on (a & b) above.
Let us know how you go! Cheers.
SBL Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
