Hostile takeovers are rare, and almost always result in a higher price for target. " my price of 40-50c " is not unreasonable when one realises that this includes a TO premium.
In the case of a merger, there has to be agreed mutual valuations. In the event of a hostile TO bid, RED would produce it's own expert opinions of its "true value' while the opposition can hardly claim a low bid is appropriate when everyone knows they covet KOTH .... and RED is clearly not in distress ... far from it .... so make a good off or PeeOff !
In the Q&A after MW's Denver presentation, the first question was what value RED placed on M&A candidates "with inflated paper values".I would suggest that until or unless GMD (for instance) doesn't get a "processing solution" for its potpourri of assets needing mill, its SP will erode over time (all other factors remaining equal ) and its shares will not be an attractive currency.Imagine what would happen to the GMD's SP if RED received another bid that ruled out GMD ..... OMG ... a rush for the exits ?? As for SLR, what does it have to offer other than some cash (RED will soon have plenty) & some tax credits ( I suspect RED has enough of them) ???At the AGM and future meetings SLR should have a seat with the other shareholders, not a seat on stage with the BOD.
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Last
36.0¢ |
Change
-0.010(2.70%) |
Mkt cap ! $2.448B |
Open | High | Low | Value | Volume |
37.0¢ | 37.8¢ | 36.0¢ | $9.825M | 26.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 1862724 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 2312588 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 895961 | 0.360 |
27 | 1454954 | 0.355 |
39 | 2242691 | 0.350 |
19 | 1134440 | 0.345 |
14 | 572595 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.365 | 264718 | 4 |
0.370 | 1043985 | 7 |
0.375 | 614250 | 4 |
0.380 | 389375 | 10 |
0.385 | 448261 | 5 |
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