SBL 0.00% 0.1¢ signature metals limited

Good find. It also means that LG can use some of those funds to...

  1. 122 Posts.
    Good find. It also means that LG can use some of those funds to close out the difference of what they need to get to 90%. Looks like Weiss dumped the rest of their shares giving LG over 76%. I'm sure they have some more acceptances coming in this week so if they hit 80% with acceptances there isn't much of a gap they can fill with the cash.

    Looking at the current SP of 1.6 I would be tempted to BUY considering the fact that at LG's current SP that would net me about 2.2ish cents per share after the takeover. If anyone wants to make a quick 30ish% I would say it's fine to buy.

 
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