No matter how well SLR goes between now and the merger completion it won't go above the 113cps set on the day of the merger announcement. Why would it? If SLR generates good cash, announces good Sugar Zone results then this will translate to an increase in RED share price in my opinion. If you like SLR (as I do) then buy it when it dips below 113cps. Play the arbitrage I reckon.
Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-188
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