possible new neighbour, page-9

I hold shares in both PRE and SBL and have held for a few years. Lion Gold attempted a takeover of SBL and they acquired around 76% of the shares but apparently needed 90% of the votes to complete the takeover. At present the 76% of shares held by lion gold is with the Singapore stock exchange and the remainder of the shares are still called SBL and are listed on the ASX. I elected to stay with SBL as I didn't want to deal with the Singapore stock exchange and lion golds offer was well short of what I paid for the shares. SBL are currently producing gold and production has increased each month. Despite the gold mined SBL is still cash negative.

Similiarities between PRE and SBL. Both had around 2 billion shares. Both have done a reduction in shares numbers. Both have gold deposits that have good jorcs. Both really didn't have the funds to mine properly. Sbl have funds supplied from Liongold, maybe NAV are interested in a similar arrangement.