Mate it is about right and wrong, that's the whole point of markets. People are finally starting to spell it out, look immediately above this. RED's hedge book is a killer. It destroys any margins for the next 2 years, UNLESS the cash is used to dispense with them, which is going to occur.
SLR's shareholders have been shafted and any talk that RED holds all the aces is BS!
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Ann: Red 5 and Silver Lake Resources to Merge, page-159
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