Fully Informed Market, page-52

Even if Red5 have more assets as reserves, by the time they've mined it to sell the POG will probably have dropped. Red5's share price lives on hopium that this merger will go through if it fails most will like abandon ship over inflated pe to other gold miners, hedged gold that can't take advantage of POG.SLR is trading at a discount to red 416slr to red 3.43 to reds .43 dk why any1 bothers holding red or buying red when slr is bigger and cheaper idk but I've decided we don't want deadweight like red merging with us. Right now SLR can pay a special divi push up and rerate on POG push SP to fair value on it's own. If we merge we might as well say goodbye to our cash and any chance of divies why should we give them all this and get what reserves? By the time there hedges end and we can make any profit from their reserves we'll be deep in the RED. VOTE NO