Doray/SLR brings back memories and really not that long ago.Very...

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TassieTrader

527 Posts.

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08/02/22

16:06

Post #: 59435683
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Originally posted by MIStragic: ↑

If you bothered to read my carefully thought out posts, you'd concede that I have been of the opinion for more than a year that RED was a very desirable M&A target. Until recently the registry was wide open without much institutional presence, but since the Smorgens went substantial at 15%, the registry has dramatically changed and now a substantial part of the shareholding is in big firm hands.
RED will not be "taken over" like some helpless defenceless poor bride - rather it will only surrender to a bid that reflects the true value of the company that the BOD and majority shareholders agree is fair and timely - and what could be wrong with that ??
IF RED shareholders end up doing as well as Doray shareholders who held out for SLR's final bid, then the vast majority of shareholders will be very pleased with the outcome.
An enlarged entity that encompasses RED and all its short and long term potential will surely have a very substantial rerate and get a much higher rating in the GDXJ and ASX200 resulting in further SP appreciation. But before any M&A, KOTH will be commissioned and a SP rerate will commence, so current SH's should sit tight and assume that the least outcome will be a SP in the 35-40c range by years end IMHO.
Fascinating to see what happens when the SP overcomes 30c resistance .... will it run to 35c or spend time consolidating waiting for KOTH to bloom ?

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Doray/SLR brings back memories and really not that long ago.
Very interested to see how this one pans out. Reminds me a bit of the Gold Road ride.
Gold price will determine where we go and hope AISC is... well you know.
GLTA

RED Price at posting: 28.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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