Ann: Investor Presentation - Diggers and Dealers, page-35

What a bunch of filthy grubs. I'm referring to the board not Tonkin. Ultimately, it's the board who decide capital allocation.

Fancy giving away the stock for 34 cents. That's 116 cents for SLR shareholders.

The company made $60 million last quarter and that included $10 million transaction costs. They could easily add $70 million per quarter over the next year at current prices. Why give these shares away when they could borrow $150 million.

There is only one acquisition they want and that's Gwalia. It would explain why GMD has a higher EV than RED even though they made nothing last quarter. And why the rush. Let GMD bleed cash as they invest in Tower. They don't have the money to fund their capital requirements so would need to do a capital raising. Why not wait until the price is depressed and then strike.

Stupid question of course. The Board clearly don't give a sh!t about shareholders. The line about 5.94 per cent discount to five day weighted volume is a joke. It was 40 cents a week ago, so it's down 15% and clearly insiders knew the deal was on hence the fall in price.

No point in going to ASIC, the chair Jo Longo used to be Alan Bonds lawyer. Yep, the country is being run by shysters everywhere you look.

@oldgold64 You got a reliable source for that claim re Perth Mint - I can put you in touch with some Federal politicians who would be very interested in following up on that.

Unbelievable that Luke Eldridge had to present yesterday instead of Tonkin. Seriously wtf are the Board doing? Grow some balls and reign Tonkin in. Why can't he present.

Also what does the AFR know about Deflector that we don't. There shouldn't be any sale of treasury shares until the market is fully informed about its current reserves and resources, not the figures from a year ago. Yet again the board are failing to uphold their continuous disclosure requirements. Do you think the institutions are going to pick up $138 million worth of shares without asking for forward guidance.

The share price will remain depressed after this waiting for the Board to piss it up against the wall on some other acquisition.

GLTA/IMHO