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34.5¢ red 5 limited

Also SLR reserves falling. They need to do something.

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Goldfarm

4,638 Posts.

293

18/10/23

11:33

Post #: 70402630
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Originally posted by Joelstar: ↑

Not trying to start anything in the way of rumours, just speculating on potential synergies.
It's not a game of football.
It's not us vs you.
I want you to make money.
I want to make money.

SLR is trading 30% below NTA, has 400m in hard assets and 450m in tax loss credits.
RED is trading 60% above NTA, has a stunting hedgebook/debt position in a high interest rate, rising gold price environment.

They are combined worth about 2 billion at market.
Merge and they are worth closer to 4 billion.

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Also SLR reserves falling. They need to do something.

RED Price at posting: 31.3¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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