N.B. The (former) SLR RED share holding (now sitting on RED's balance sheet) is an issue that will be resolved by June 2025 - so be rest assured, this will not be "given away cheaply" but may simply be cancelled, enhancing residual value per share (an effective form of a share buyback) OR it could be used as a share swap with a potential M&A candidate(s) ??
Give this experienced management some slack - consolidation of group performance is first order of the day, continuing exploration to enhance longevity of existing assets, and building cash reserves .... just like Warren Buffet has done (just sold half of Berkshire's Apple shares) and has accumulated a massive cash reserves .... like he did before the 2008 GFC).
LT weathered the last GFC and the subsequent post 2012 gold bull market crash .... he became MD of SLR in 2014 when its SP was 14c !!
Plan for the worst and hope for the best .... financial storms ahead .... perhaps another "perfect storm" ??
Ann: Investor Presentation - Diggers and Dealers, page-10
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Last
33.0¢ |
Change
0.025(8.20%) |
Mkt cap ! $2.244B | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 33.5¢ | 31.5¢ | $12.73M | 39.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 1931022 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 748069 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |