The big cash stash SLR brings to the table, as well as its producing mines, with potential of expansion with recent drilling, means Reds the winner here- hence the share price rising! Fact that SLR was already undervalued, yet received less per share, meant I saw big potential in grabbing Red this morning.
Yep- both Cos feel ripped off- as they consider the other Cos negatives- but with Red solving its debt problems, and potentially now able to grab juicy local lands, means long term Red Silver will become a very profitable mid tier- with expansion & divi benefits.
Other big positive is the potential 3rd party interactions.... hmm
Ann: Red 5 and Silver Lake Resources to Merge, page-44
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Last
34.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.346B | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.5¢ | 34.0¢ | $4.566M | 13.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 513095 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 90200 | 4 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| VAU (ASX) Chart |