IMO most posters on here and on the RED thread are fretting about not much. RED holders feel they are being ripped off and so do SLR holders - IMO this indicates that the merger is roughly fair. The merger will result in a bigger and more robust gold producer who can attract more institutional investor interest, access capital more cheaply and have a significantly reduced risk profile.
Also, I'm not sure that LT is as silly as some on here seem to believe - he has after all managed to negotiate this merger (judging by the RED thread some RED holders believe that they are getting ripped off because SLR's mines are higher risk - short mine life etc). He has also managed to negotiate to be the MD of the new RED. This all sounds quite canny to me.
Anyway, as I wrote previously, I expect that the market will warm to the merger and I'm looking to buy more SLR at these levels.
GLTA & DYOR
SLR Price at posting:
$1.07 Sentiment: Buy Disclosure: Held