SBL 0.00% 0.1¢ signature metals limited

takeover, page-8

  1. 46 Posts.
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    Alex,

    Yep, well picked up. What I am not dreaming about is the 'balance of probabilities' being my analysis and trading number one priority well before trust in management. The auditors to the last SBL Annual questioned the viability of the company as a going concern. We need to be convinced that Lion can 'manage' to operate profitably. They need proven reserves at depth for underground (the greater focus according to them) and time and capital to realise it. Share price rises in Lion do not answer these questions and are probably speculation and hype based on faith in management. Not convinced the risk is worth it and still deciding on a course of action ie the opportunity cost elsewhere. It only costs $40 to switch into something else, it is profit over time that counts.

    Cheers

    Pedro
 
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