MergernotaTO - It wasn't so long ago that you were disparaging...

MergernotaTO - It wasn't so long ago that you were disparaging HotCopper posters who were sharing their own views of the relative values they saw for both RED and SLR. You suggested the Boards of the relevant companies, in possession of much better information, were in a much better position to value the companies than were uninformed HotCopper posters.

Suddenly, or at least since about 16 April, you seem to have formed an opinion that this "merger" is not such a good idea - even though the Boards of both companies support it. So, you know more than the Boards now?

You make a big play about your posts containing facts whereas you suggest some on here only give opinions (it's actually a forum for people to actually offer opinions as well as facts). But the real trick is to interpret facts correctly.

You've highlighted the fact that RED and SLR have different Price Earnings Ratios but I'd suggest you don't really understand much about PER's and what investors are looking at when they study them. Quoted PER's are based on the company's most recently reported earnings. They're a historical fact. If a company has negligible earnings at the moment, it's PER may be quite high but if its earnings boom in the near term, the quoted PER will reduce. It's the company's future success and profitability which will give us the capital gains and that's why investors sometimes buy stocks with relatively higher PER's than their peers.