Now that SBM are off the table with the SLR/GMD offer, I am...

Now that SBM are off the table with the SLR/GMD offer, I am assuming that the talks with SBM never really went anywhere or will go anywhere in the near future? Or will new talks begin with new owners?

Red 5 participates in strategic consolidation discussions from time to time. Red 5 is in ongoing discussions with St Barbara (SBM) regarding potential
operational synergies:
● KOTH offers a low-cost, expandable milling capacity supported by 16 years of base load feed from KOTH open pit
● Combined KOTH and Gwalia Ore Reserves of 4.9Moz1 located ~30 km’s apart
● A lower cost base offers the potential to optimise the Gwalia underground and unlock open pit opportunities, such as Tower Hill
● Provides greater flexibility around capital initiatives and future expansion opportunities
● There can be no assurance, however, that these discussions will lead to a transaction being concluded with St Barbara:
● Accordingly, Red 5 shareholders and investors are cautioned not to place any reliance on the potential for a transaction with SBM - refer to “Risk Overview” section of this presentation

Does this mean RED may be under a more watchful eye now from GMD(have they any more pennies to play with?), or can SLR come in and look to make a T/O offer after having swallowed a bit of pride on potentially losing out on the SBM deal?