This merger deal is a disgrace!!!
SLR shareholders have got nothing out of this company's mgmnt other than regret for ever buying these shares.
Not only is SLR proposing to "throw away"$150M it has invested in Red5, which by the way, should be distributed to shareholders, they are looking at creating a coy that offers nothing other than more mines with the same AISC, adopting debt, & creating a coy with over 3B shares!!! Doesn't matter what true value may exist, in the event of a falling gold mkt there will be 3B shares looking to be sold.
SLR mgmnt should stop trying to create another "NCM" & pay dividends to its shareholders & distribute Red shares to its shareholders to do with as they pls. All this merger creates is more problems with huge downside risk with little upside. Admin synergies are a joke & not even worth mentioning.
Mgmnt is trying for a hail mary with this merger, thinking that the increased size of the new company will attract investors. BULLSHIT!!! What attracts investors is a profitable coy that pays healthy dividends & looks for organic growth &/or to seek value in small coy's that have solid resources with healthy margins.
I can go on.
SACK THE CURRENT BOARD & MGMNT. THEY ARE THE ONLY PEOPLE THAT WILL BENEFIT FROM THIS MERGER.
- Forums
- ASX - By Stock
- Ann: Presentation - Red 5 and Silver Lake Resources to Merge
This merger deal is a disgrace!!!SLR shareholders have got...
-
- There are more pages in this discussion • 65 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online