expiration of options ?

Just an observation, but isn't it an obligation of the company to advise the asx of the expiration of options ?

On the 14th September 2012 - 9 Million .03 cent and on the 28th september 2012 - 20 Million .03 cent options expired.

Neither of these have been notified to the asx.

The actioning of 29 million options has an impact on our company and we as shareholders are deserving of being advised.

If these options where allowed to expire as one would expect as they are well out of the money, then it means that there is no increase in the number of shares in our company which is a positive for the remaining SBL holders ex Liongold.

In the highly unlikely event that the 29 Million shares @ .03 cents where taken up there would be an additional $870,000 going into SBL's bank account. That would be a major change in the current status quo of the company.

Either outcome is something that we as shareholders should be advised of as it impacts us with our holdings in the company.

I hope this is not a sign of Liongold's assumption they already own the entire SBL company and only need to tell us what they feel like telling us. They still only own about 76%.

Still positive about the future but i think we will need to be vigilent to ensure that they are working for all of us.

As at the 20th September in the Annual report it indicates that there where 1922 shareholders apart from LionGold and they held 656,284,704 shares approx 24% of the company, so we are still significant.

Just MHO ......Cheers to all Peteski.