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 .
Ann: Red 5 and Silver Lake Resources to Merge, page-16
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Last
41.5¢ |
Change
0.025(6.41%) |
Mkt cap ! $2.823B | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 41.8¢ | 39.0¢ | $7.076M | 17.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 48036 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 35276 | 1 |
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| RED (ASX) Chart |