lion gold bid - the market will vote

There's only one grievance about the Lion Gold bid - the price is way too low. SBL shares were trading above 2c in August and well above that in months before. The bid seems lowball and opportunistic.

So it hurts that SBL management has agreed to the bid and granted Liom Gold rights making it harder for a competing bidder. Especially so, as information flow to shareholders has been sparse over recent months.

But the market will vote.

If SBL is worth more, it will trade up above the offer.

All the talk of ASIC complaints etc is self-defeating - will just push shares lower and make Lion Gold bid look better.

If you think SBL worth more than Lion Gold bid - great opportunity to buy now.