It seems some RED guys are trying hard to persuade SLR share holders to accept the merger happily.
The merger would save RED with cash/resource/credit from SLR with a discount price when I think RED is overvalued at the moment: considering the 2.5 years hedge book that makes its revenue same when gold price is $3000 or $1000, so the current 40c shall be a fair value only two years later if without SLR bought 11% at 26c.
I will be happy to say YES if the scheme is 1:10 instead of 1:4.343, now the merger is way too much of sacrificing SLR holders' interest.
Ann: March Quarter Sales Results, page-86
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Last
$1.56 |
Change
0.025(1.63%) |
Mkt cap ! $1.458B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.58 | $1.55 | $3.607M | 2.309M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 36931 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 525 | 4 |
View Market Depth
| Last trade - 13.46pm 27/05/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
0.025 ( 1.59 %) |
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| Open | High | Low | Volume | ||
| $1.56 | $1.58 | $1.55 | 821717 | ||
| Last updated 14.03pm 27/05/2024 ? | |||||
| SLR (ASX) Chart |