This merger deal is a disgrace!!!
SLR shareholders have got nothing out of this company's mgmnt other than regret for ever buying these shares.
Not only is SLR proposing to "throw away"$150M it has invested in Red5, which by the way, should be distributed to shareholders, they are looking at creating a coy that offers nothing other than more mines with the same AISC, adopting debt, & creating a coy with over 3B shares!!! Doesn't matter what true value may exist, in the event of a falling gold mkt there will be 3B shares looking to be sold.
SLR mgmnt should stop trying to create another "NCM" & pay dividends to its shareholders & distribute Red shares to its shareholders to do with as they pls. All this merger creates is more problems with huge downside risk with little upside. Admin synergies are a joke & not even worth mentioning.
Mgmnt is trying for a hail mary with this merger, thinking that the increased size of the new company will attract investors. BULLSHIT!!! What attracts investors is a profitable coy that pays healthy dividends & looks for organic growth &/or to seek value in small coy's that have solid resources with healthy margins.
I can go on.
SACK THE CURRENT BOARD & MGMNT. THEY ARE THE ONLY PEOPLE THAT WILL BENEFIT FROM THIS MERGER.
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This merger deal is a disgrace!!!SLR shareholders have got...
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Last
$1.56 |
Change
0.025(1.63%) |
Mkt cap ! $1.458B |
Open | High | Low | Value | Volume |
$1.56 | $1.58 | $1.55 | $3.872M | 2.479M |
Buyers (Bids)
No. | Vol. | Price($) |
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39 | 36029 | $1.56 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.56 | 85 | 2 |
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34 | 33748 | 1.555 |
19 | 37703 | 1.550 |
13 | 66879 | 1.545 |
11 | 45104 | 1.540 |
9 | 33281 | 1.535 |
Price($) | Vol. | No. |
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1.560 | 133 | 3 |
1.565 | 71927 | 35 |
1.570 | 113335 | 24 |
1.575 | 46660 | 15 |
1.580 | 101721 | 14 |
Last trade - 14.33pm 27/05/2024 (20 minute delay) ? |
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Last
$1.56 |
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Change
0.025 ( 1.43 %) |
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Open | High | Low | Volume | ||
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Last updated 14.51pm 27/05/2024 ? |
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