SBL signature metals limited

I'm not too sure that SI's will be in a rush to sell off at 20c....

  1. 866 Posts.
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    I'm not too sure that SI's will be in a rush to sell off at 20c. They paid 2.5c for them, admittedly, some might have been old holders at lower prices, so might average out OK at 20c. There would be more holding at above 3c, I reckon. But as we keep saying, there's no rush. Every day might reveal the underbelly of this stinker (to our advantage if the Sing market guides Weiss or LG.)

    Plus there is no guarantee of what price anyone will get as a sell off of LG starts one black day in the future. You can't get them now and sell them now for S$1.25. The next six Sing trading days will be interesting, but still possibly being dealt from a stacked deck. Whether RBS Morgans have any responsibility as to the integrity of the whole thing is unknown, but unlikely.

    Kepp your powder dry,
    Japes
 
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