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
IMO most posters on here and on the RED thread are fretting...
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Last
$1.51 |
Change
0.040(2.72%) |
Mkt cap ! $1.411B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.48 | $5.756M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6645 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 54198 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.51 |
Change
0.040 ( 3.17 %) |
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| Open | High | Low | Volume | ||
| $1.49 | $1.51 | $1.48 | 1035163 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SLR (ASX) Chart |