Lion trying to avoid being taken over by IRN by agreeing to sell it's stake in IRN to enable IRN to be taken over. Heavy duty dealing.
I can't understand why they would sell Cracow however - they have a stated strategy to turn themsleves into a goldmining company so why sell? - they don't need the money, and they haven't got a premium for their 30%, and they could have afforded to pay cash for the remaining 70% - seems weird to me, there must be something else in the wind - glad I have hung on because I feel big divi's and share price increases are coming as the manouverings continue - I wonder if they have decided to unwind the whole company and realise the assets and redistribute to shareholders ?
LST Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
