Spent a lot of time doing researching, seeking advice / opinions...

Spent a lot of time doing researching, seeking advice / opinions of others reasonably well connected in broking space..

General consensus is no wonder LionsGold looking to acquire SBL in view of their fit with their existing Ghana operations and overall strategy.

Seems intention with their takeover offer is more to build a blocking bid ie SBL board to support acquiring shareholder acceptance up to 19.9% so another bidder can't come in once acquired this.

So with directors 6% and infinite of around 8% they only need another 6% to get this blocking stake. I don't think they seriously expected to be able to takeover the company as this derisory offer that is 1/6th the value of min value of other comparative peers...

But don't you worry the scare tactics are yet to come...so I have no doubt with such a disperse shareholder registery they will get the remaining 6% to get a blocking stake.

Question is will you be part of the 6% or the wider group who hold out for a better offer that comes at least remotely close to fair value..

Why has MW sold out and endorsed this bid...I can only speculate like the rest of you..needs money for another deal? , been offered board seat on LionsGold as sweetner? Don't know but what I have come to the conclusion on in terms of my own view is MW based on my research is a mining entreprenaur who is more about deals, not about staying around to build long term value in companies...