It is a long way from just over 20% to compulsory acquisition at 90%. LG are struggling. If you take out the Directors and related party holdings from LG's total they really have made very little headway at all. Plus another player has entered the market and grabbed 5%. To be blunt if you whimp out now and accept LG's crappola offer you too are dead from the neck up. At the very least wait a few weeks for the next quarterly. Unfortunately this is likely to be more a 'political' statement than that of a bona fide company announcement.
SBL Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
