If you paid peanuts during the CR era and it's a 15 year mine...

If you paid peanuts during the CR era and it's a 15 year mine life and you've bought a seperate chunk to sit on with your super as a long term gamble, it's not so bad. An industry average of 7.9% vs Red's 110%, in one year.
Sure you can always take profit from it and/or free carry but there's nothing wrong with a longer term approach either especially considering what could take place soon, the implications of the merger on the bottom line. If RED holders were getting X amount of SLR shares for the merger I'd be selling down. But we're in a great position here. Trade or hold there is more money to be made.

/disclaimer: This is not financial advice. This is the diary of a madman.