Ann: March Quarter Sales Results, page-86

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.