"EGA is trading well above the implied price from the SLR bid?"
Cool Hand is cool with shareholders money.He pays no Dividends.
Hedges gold.
Does not upgrade or build a new mill.
Sink a shaft with hoist to access high grade gold at 300 meters depth (Daisy Milano - 2.43m @ 25.7 g/t Au and - 2.43m @ 25.7 g/t Au, both in LP751-22 (see Appendix 2).)14 September 2018 see figure 2
So it will be difficult to have the offer increased.
Anyway hypothetically, what are your shareholders prepared to accept?
Would an additional 2 cents be satisfactory to match the current Share price?