Small fish only becoming bigger fish by banding together....
They are doing this in my view because the share register is a disperse share register and hence easy to manipulate
They also probably think like many ASIC is a toothless tiger but rolling (or bending) over and taking it is not my strong suit....
Getting the message out and getting the support of those who can help us like ASIC and Takeovers board is where we can win...
I haven't seen anyone here even try to put up an argument that the deal represents fair value...why...because any blind monkey could work it out...reading research reports like those put out from Lionsgold perspective on this deal only confirms the obvious....this stock is well cashed up, producing and pouring gold fortnightly with improving operational performance with a rising gold price...why we need to accept a fire sale in this environment is where I would like to see board convince us why this is a good deal for us...
I decided I am not about to sit around waiting for this to happen...
There will be next steps beyond this for me and it seems for many others...
SBL Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
