Correct
The shares in RED held by SLR are to be treated via section 259D of the corporations act. https://www5.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s259d.html
So either shares cancelled which is effectively a no cash buy back or a cash transaction some how like a special dividend? Even LT ain't that stupid. On that basis a great buying opportunity which I have taken
Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-48
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 (20min delay)
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Last
$1.59 |
Change
0.050(3.26%) |
Mkt cap ! $1.458B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.55 | $8.648M | 5.519M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4874 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 110800 | 7 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
0.050 ( 1.91 %) |
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| Open | High | Low | Volume | ||
| $1.56 | $1.58 | $1.55 | 1284777 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| SLR (ASX) Chart |