Re: its very odd
in response to
by
posted on
Apr 08, 2014 06:50PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
First nation,
At the recent AGM SLI asked the shareholders to approve a rollback so they could finance, as the current SP is under the5c minimum.
That was refused, so whilst the SP remains at this level, a financing cannot be done.
A possible motivation for surpressing the SP would be to force through a rollback so they can finace, so maybe an ultimatum will be forthoming, i.e.rollback or bankrupcy?
All hypothetical of course, there may be another reason I haven't considered.