The big cash stash SLR brings to the table, as well as its producing mines, with potential of expansion with recent drilling, means Reds the winner here- hence the share price rising! Fact that SLR was already undervalued, yet received less per share, meant I saw big potential in grabbing Red this morning.
Yep- both Cos feel ripped off- as they consider the other Cos negatives- but with Red solving its debt problems, and potentially now able to grab juicy local lands, means long term Red Silver will become a very profitable mid tier- with expansion & divi benefits.
Other big positive is the potential 3rd party interactions.... hmm
Ann: Red 5 and Silver Lake Resources to Merge, page-44
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Last
42.3¢ |
Change
0.003(0.60%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $6.920M | 16.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 1248152 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 2275392 | 58 |
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| Last trade - 13.32pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |