As a holder in both SLR and RED, with roughly equal investment...

As a holder in both SLR and RED, with roughly equal investment value in the two, if the merger goes ahead as currently planned, it's of no consequence to me personally whether SLR or RED holders come out in front.

The main prize to me is the expected improved value of the merged enterprise as soon as the merger is put to bed.

By the end of 2024, I'm expecting the new company to be worth considerably more than the current combined value of the two parts.

But I think a move by GMD to create a three-way partnership is still a possibility, and would generate considerable interest.

So at this stage: IN FAVOUR.