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$1.57 silver lake resources limited

Enough to see... red !!!, page-62

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Jeanlucecuyer

291 Posts.

108

28/02/24

05:59

Post #: 72632427
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Originally posted by Jameshunt: ↑

The SP was in a downward trend until we bought Red5 shares back in September 23 then it rallied to its high at merger announcement . As the merge doesn’t happen until may/June I’d say traders have taken their gains and the SP is back to the resistance level. If the merge doesn’t go ahead , we could be heading back down to the support of 80 or worse. Merge and we’ll be in a great position for a rerate. For me I think Red5 will get better offer or the Merger gets voted in. This is just my opinion and I’m not a technical trader so I could be wrong .

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Despite the fact that at the current price, we are at 0.9 of the asset value and that SLR has a huge cash reserve ?

Your prognosis is to despair about the future! I am not more optimistic, this affair smells bad, very bad and if Finlayson (GMD) is behind it, then the fate of RED risks resembling that of DACIAN...!

SLR Price at posting: $1.04 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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