While GMD gets reduced by 'ants' (shorts) .... WTF is going on...

While GMD gets reduced by 'ants' (shorts) .... WTF is going on with SLR .... and this is the company thats going to "take over" RED ... and pigs will fly !
SLR MC closed today atA$799.2m (cash or equivalents A$300m), a 4yr SP low .... compared to RED's A$952.1m .... hmmm
SLR has been a gold producer since 2007, and never has paid a dividend (except to its senior executives) and near will ... so why HOLD ??
SLR is a best a minor M&A matchmaker. SLR some believe, craves a GMD/SLR merger and then a move on RED(KOTH) .... really ??