You have no idea what you're talking about. Where do think the money came from to buy the stake in RED and the vast cash hoard they now sit on?
There's inherently nothing wrong with SLR's ground. The problem lies with the man at the helm being incapable, or more like just downright unwilling, to listen to the market and allay fears by doing more to prove that things are fine. Instead, he sat on vast funds, and did nothing, nor bothered to engage the market.
Ann: Red 5 and Silver Lake Resources to Merge, page-138
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.516B | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 36.3¢ | $3.049M | 8.262M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 269461 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 805057 | 10 |
View Market Depth
| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |