Up 4.5c today. Now $1.235
Lions offer now nearing 21.5c p/s for CGT, yet CGT's sp lags 3-4 cents behind on ASX. That's too bigger discount to be giving your shares up, even with the matter of a different stock exchange & costs of currency exchange considered.
I can see Lions sp going to $1.50 to $2.00 in the next 6 or 12 months. Think about it. These Lion people are pretty clever. They are acquiring cash & assets with what? The issuing of Lions shares.
Got to say I like their method of operandi. Just find some desparates running a listed company & offer them nothing more than a 'way out' by way of issuing some shares that they can sell on another exchange.
Got to give them credit, they've worked out how to make money out of thin air.That's the best way to make money ;-)
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