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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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($) | Vol. | No. |
---|---|---|
33.0¢ | 748069 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 132576 | 0.325 |
13 | 789124 | 0.320 |
14 | 914001 | 0.315 |
11 | 379756 | 0.310 |
8 | 514867 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 5800 | 1 |
0.335 | 675923 | 7 |
0.340 | 576056 | 14 |
0.345 | 364325 | 11 |
0.350 | 590395 | 14 |
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