who is the target?, page-18

Any company with a high share price would be interested in getting its hands on a company with a low share price and good assets via issuing script.

SLR would be an interesting target with:

1)A discount to NTA
2)Solid high-grade gold reserves
3)$40m cash at bank

I can see the following scenario:

A script takeover at $0.60. The predator would be telling us about the 57% premium to the pre-takeover share price. They would issue shares, get rid of the deadwood and potentially earn $70m+ in EBIT in the medium term.

I am not sure how the current share register looks but the above is very possible.