The Lion sp is holding up well and AUD is weakening slightly. Offer is still worth 1.95c or thereabouts. But it could definitely go down - or up. The whole of SBL goes through Lion in liquidity every 10 days - so sale of new shares won't matter to Lion sp.
The scare tactics to get acceptances havent even started yet.
One slightly worrying thing is that more people are not buying the 'carry trade' of buy SBL now and sell 1/34 Lion in weeks' time. It's an easy profit - or looks like one.
I hope the price stays weak for a while - I'm now in line for a few mil units at 13 :)
SBL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
