takeover news from singapore, page-2

...here is my stance on the whole matter....
...the takeover is valued anywhere between 54 and 69 million from different media reports....
...We have an operating plant(see photo at link at end of post)...
...To build an operating plant of this capacity would cost anywhere in the region of 20 to 50 million IMO .....
...So basically the resource in the ground IMO is selling at zero value and we know there is a JORC of 1.5 million oz over 16 known deposits....
....Cheap as chips and if anyone here can lobby as you say you all will and get a better deal then i wish you all well....
...I believe SBL is worth far more than is being offered but getting true value in this market could be difficult...
...All the very best guys...
...as yet i havent put a tally in but i just may...
....RB

http://www.pioneeringcreativity.com/liongold/report_files/Press-SignatureOfferFinal14Oct2011.pdf