Ann: Red 5 and Silver Lake Resources to Merge, page-274

One's view of an investment depends in part on one's trading style and chosen reference points (aka entry time and price).
Alas, the best "sell" opportunity for RED was almost 2 years ago, but this was a common high conviction as the relatively low liquidity shows.
Equally, the "best buy" opportunity was 12 months ago, when the final CFR was executed at a ridiculously low SP, vine thought the economics of the project, and the strategic value had never been more clear. Although the CR was relatively modest in size, the effect on the morale of "ordinary shareholders" was disproportionate, and many "abandoned all hope" and capitulated their shares cheaply.
Now, despite RED being unequivocally a very substantial project with immense strategic value, the curmudgeons have returned like dogs to vomit, to one once again dig up old grievances and conspiracy theories - god give men strength.

Meanwhile over at SLR, the same thing is happening from their own grievance view point. What about the meme "SLR is down 20% since the merger announced" ... neglecting the inconvenient truth that SLR had sunk to 81c around the time of their RED share raid, and subsequently rose to 122c.
So which value is the correct view of SLR - 81c or 122c.
Peak SLR was 2020 just as COVID was merging - it never really recovered - during 2021, 120c was firm support, now its firm resistance (?).
The market has not been impressed with SLR, since 2020, and no amount of demonising Luke Tonkin or any other theory is satisfactory.
Perhaps the reason that SLR hasn't paid dividends is that they're not sustainable, despite several previous masterful M&A's ?
Now Luke is trying to maximise SLR acquired strengths with this last throw of the dice, the current M&A ??

Would RED and SLR shareholders please take a deep breath, clear your mind, and look at this proposed merger with fresh eyes in the current market.
The market is very unstable, and even though the gold price remains in the high profit zone, people are cashing up, and not buying ... anything, except perhaps stocks they consider risk free like CBA which is near an all time high (lets hope the mortgage market docent crash).
RED might be better off with GMD or NST because of Leonora synergies, but RED-SLR merger is better than no merger IMHO.
Big REDSLR will surely continue to seek 'consolidation' longer term, while in the interim becoming a mid tier titan .... IMHO.
RED remains a strong HOLD IMHO. The next "best sell" opportunity for RED SH's will be post merger, post GDXJ upgrade, post ASX200 etc.