rumour file has it that sgc offered about 20million shares...

rumour file has it that sgc offered about 20million shares priced at $1.835 for sbs's 48% stake. obviously sbs want more like 30million shares. the independent valuation will most likely fall somewhere in the middle. i think this valuation caused the sp surge yesterday. do not ask where i heard the rumour as it was just a private personal conversation and it can not be verified. i hold 500k shares so i am biased

cheers