Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-103

IMO this is a good deal for both co's. SLR is a buy now IMO and I expect that as the market gets to appreciate the value added by the proposed transaction RED's price will move upwards towards $0.35 - $0.40, which in turn should drag SLR's market price upwards. Based on the proposed takeover ratio of 3.434 RED shares for each SLR share, if RED gets to say $0.38 in the next few weeks logically SLR should be worth 0.38*3.434 = $1.30.

Longer term I expect the new RED to trade well above $0.38 as the full benefits of the enlarged entity are recognized - stronger balance sheet, multi mine to reduce risk, increased market cap allowing increased weighting in market indices so that there is increased institutional buying etc.

GLTA & DYOR