Dear Baraka,
So you say, because SLR didn't put it's cash to work with aggressive extesional/regional drilling, and merely hoarding cash; management have brought this on themselves? The shareholders are upset that the company hasn't sought to grow reserves and this has resulted in a lowball price attributed in the merger? Is that the sum of it?
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- Ann: Presentation - Red 5 and Silver Lake Resources to Merge
Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-95
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