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...
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Last
$1.54 |
Change
-0.015(0.97%) |
Mkt cap ! $1.434B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.56 | $1.51 | $5.528M | 3.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20739 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 27975 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.53 |
Change
-0.015 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| $1.52 | $1.56 | $1.51 | 1424629 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| SLR (ASX) Chart |