CUB, I disagree with you on that. Even though the offer has closed, LG remains a major SH and has board members sitting on the SBL board. What this means now is there is a change in management, and hence direction for SBL, after the much disappointing previous board. With LG, it appears they would also invest in SBL which hopefully would go to exploration activities, in addition of the gold sales SBL has been generating that would also add as an income stream for the company.
Its highly unlikely LG will come back with another offer to fully acquire SBL. Nonetheless, I am happy with SBL staying on the ASX with a change of management.
Would appreciate if anyone could share their experiences of other companies which are in the same situation as SBL is in at the moment in regards to what other possible scenarios could possibly happen from now. Thanks in advance!
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