Isn't there a puppet master...?, page-32

Either way I'm biased in my view point in wanting the best value, since I'm planning to hold short to mid (1-3 years) term and I don't want what's best value in 6 years time, I want what's best value in 1-3 years time. In which case I would say that merging with a company that has hedges at $2600 when POG is at $3500 would not be best value in terms of 1-3 years time, maybe in 6 years it'll net out quite well for SLR and Red but overall that wouldn't meet my personal investing goals with this company?

In which case I would say that making another deal which focuses more on the immediate benefits of the high POG is more beneficial in the short to long term either way. Why ask for less when you're a position of power from a negotiating stand point? SLR in it's current environment should be an absolute powerhouse and have a lot of negotiating power? Wasting it all on Red to profit in 2 years+ time line? Why? Why not take over Red in 2 years time after the price of gold subsides and do something else in the mean time?