I really don't understand the technicalities involved. It is referred to as a merger but SLR shareholders get to vote, RED shareholders don't. RED gets a new CEO and the BoD gets new members unelected by RED shareholders. The only difference between RED and SLR shareholders appears to be the change in name.
So why don't we get a vote?
Ann: Red 5 and Silver Lake Resources to Merge, page-287
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Last
43.5¢ |
Change
0.005(1.16%) |
Mkt cap ! $1.506B | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.5¢ | 41.5¢ | $7.598M | 17.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45000 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 1641897 | 18 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
42.8¢ |
Change
0.005 ( 0.21 %) |
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| Open | High | Low | Volume | ||
| 42.3¢ | 43.0¢ | 41.5¢ | 6352202 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| RED (ASX) Chart |