....The lion code is LIGO:SP on Bloomburg....
...People are exiting this stock in herds because the uncertainty and the very fact that as cashedupbogan has rightly pointed out, to develope the mine through open cut will cost a huge amount of money, far more than SBL have....
....This being the case , if this takeover isnt completely taken up, there is very real uncertainty including for sure IMO a capital consolidation on at least 1 for 100 and the fact that the directors have gone and taken the Liion shares....
....The sell side is massive and the .001 buy is what is giving the buy depth any volume....
...And thats why we have seen huge dumping into 1.4....There was a 10 million buyer snapping up stock at 1.5 cents 2 weeks ago and now there are 5 million sellers at 1.5 and an occasional largish buyer at 1.4....
...Unfortunately and i HOLD, but i feel we will see all time lows over the coming weeks possibly under 1 cent...too much uncertainty and risk...Well done management...
....Tread with extreme caution here IMO....
....RB
....The lion code is LIGO:SP on Bloomburg.......People are...
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