Ann: March Qtr Puts Red 5 On Track To Deliver Top End of Guidance, page-25

For those who can do simple math, compute this - SLR is on track to produce over 260k+ oz this FY, and currently has no debt, over A$500m in cash or liquid assets, very little hedging, and all its production centres are humming .... and this will all be part of the merged Big RED.
So, post June'24, RED will be producing 470k+ oz p.a., have more than A$500m cash, very little debt ( old RED's remaining debt will be rolled into a credit facility), and old RED's remaining hedging will be a much smaller % total production, of big RED production - in other words, it's not the problem that people keep banging on about.
SLR shareholders should stop whining (although some never will) as the SLR SP has been immeasurably boosted by the impending merger, and not only will the merged entity have growth and M&A muscle, it is far more likely to produce dividends, that RED and SLR never had, nor ever likely as standalone to produce .... most institutional investors have faith the merged entity value and potential will be greater than the mere sum of companies.

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