Another thought. If I buy another 340,000 SBL at $A0.007 it'll cost me $A2380 or about $S3116. (Ignoring buying costs).
If Lion Gold offer me the same 1 for 34 deal, as I believe they are obliged / required to do, then this converts to 10,000 Lion Gold shares. The last SP I have for Lion Gold was $S1.25. Now 10,000 Lion Gold converts to $S12,500.
Gross profit: $S9384 or about $A7169. Not a bad mark up and the buy/sell costs will reduce the gross amount a bit but not too drastically.
Methinks it is top up time.
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