those who do not accept the offer, say i, page-5

Do not sell +1, to the contrary I have been buying this morning at 1.6, why would anybody sell at these levels?

Call me a punter but surely given the small portion of the register the the top 20 make up, Lion will have a big task ahead of them taking shares off smaller retail holders, especially since most would have an average price greater than 2cps?

Also with Lion onboard this would have to boost the fundamental value of SBL with their experience and $$$ to unlock the exploration potential (which SBL have not done), and heaven forbid, maybe they can actually make that little plant work (which SBL have not done).

Is there something I am missing??