IMO this is a good deal for both co's. SLR is a buy now IMO and I expect that as the market gets to appreciate the value added by the proposed transaction RED's price will move upwards towards $0.35 - $0.40, which in turn should drag SLR's market price upwards. Based on the proposed takeover ratio of 3.434 RED shares for each SLR share, if RED gets to say $0.38 in the next few weeks logically SLR should be worth 0.38*3.434 = $1.30.
Longer term I expect the new RED to trade well above $0.38 as the full benefits of the enlarged entity are recognized - stronger balance sheet, multi mine to reduce risk, increased market cap allowing increased weighting in market indices so that there is increased institutional buying etc.
GLTA & DYOR
IMO this is a good deal for both co's. SLR is a buy now IMO and...
Add SLR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.45 |
Change
-0.085(5.54%) |
Mkt cap ! $1.355B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.53 | $1.43 | $8.493M | 5.791M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22084 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 15720 | 4 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.43 |
Change
-0.085 ( 5.01 %) |
||||
| Open | High | Low | Volume | ||
| $1.51 | $1.53 | $1.43 | 1784647 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| SLR (ASX) Chart |