Geez Tonkin and SLR are hopeless.
When you look at the botched Gwalia deal, they only successed in torching about $200M of their market cap and drew the market's attention to their desperately short mine lives and the need to do M&A.
And since their TO of RED was announced (and let's be honest, that's what is really intended here), all they've done is p*ss off both sets of shareholders and torch about $100-200M of market cap in both companies.
Tonkin is toxic.
Ann: Red 5 and Silver Lake Resources to Merge, page-142
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Last
40.5¢ |
Change
-0.010(2.41%) |
Mkt cap ! $2.755B | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.3¢ | 39.5¢ | $5.806M | 14.34M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 732397 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 927828 | 9 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |