At the time for me not having known that RED had done a split....

At the time for me not having known that RED had done a split. As for your theory on the rise in the price which will no longer occur at the conclusion of the merger as some (including you unless I am mistaken) had written, but at stabilization, I take note of it and I hope that this gone happen.

If this is not the case, you will (perhaps...) give us the classic excuses (fall in gold, geopolitical situation, increasing overheads, etc...). In the meantime, you will have noticed that the only winner of this merger is Tonkin, as I announced !