Are you SUPPORT or AGAINST or NEUTRAL to the merge with RED?, page-60

"Furthermore, to make it fair SLR should distribute Red shares it owns to holders or sell it on the market and pay a special dividend".

Mark William's phrasing about this during the merger call revealed (in my view) that the SLR holding would be sold for cash in order to bring forward mine cut-backs and support plant expansion. The Money of Mine crew (later that same day) said it was unusual to include this clause in the deal as the shares would normally just be cancelled.

RED needs extra capital to fund its growth as production is effectively halved due to the hedge book and much of the remaining free cash flow is being used to repay debt. The day before the merger SLR was trading at $1.27(?) and would otherwise be over $1.50 by now with gold nearing $3,300. So I say increase the multiple or get stuffed! Can anyone confirm whether 75% of SLR shareholders must approve the deal or is it 50%?