LionGold, at their last traded share price (SG$1.07) have a market cap of SGD782M, (approx AUD600M!!!!) which from what I previously read about the company is not supported by very much at all.
That seems to be a ridiculous valuation.
So it would appear to be in their interest to provide some good news in the first quarterly report since the aquisition to support their share price. Especially in light of potential selling pressure due to SBL shareholders unloading their LionGold shares.
Cheers
U.Plodder
SBL Price at posting:
1.5¢ Sentiment: None Disclosure: Held
