Yep, when you actually take into account the whole deal, it is a disgrace. I've been trying to point out to RED holders, that think they hold all the aces, that RED is not is so great a shape as they think, when taking into account the hedge book and debt.
My hope is that one of the major shareholders takes a stance, but I'm not holding out much hope.
Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-145
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