This scenario makesd sense. Much more likley that AGL (AGK) is taking over SGL than AJ Lucas .. as AJ Lucas has been selling NSW CSG assets. So they are likley to sell their SGL stake which gives AGL what they need to launch a takeover.
H
SGL
ricegrowers limited
ajl set to takeover sgl, page-7
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##