Ann: Red 5 and Silver Lake Resources to Merge, page-16

SLR management are better at doing M@A than mining once again , as a repeat of their take over of DRM , SLR got the Deflector mine for cheap which is proving itself, the Doray Directors were foolish for selling shareholders out , similar looks to be happening again !
RED would be better staying a stand alone the argument its a one mine operation does not hold water , and borders on a lie - look at RED's location and all the stranded deposits around it !
However The reverberations of this are good for me with my investment in one of those micro caps that are currently stranded , there will be competition for it now from the new RED and Genesis just like what happened with SLR when it got Rothsay to supplement Deflector .