The reverse takeover has been completed, but the MC adjustment has yet been noted by Hot Copper and presumably the market - the MC is still being stated as A$1.541B ... the last SLR price was 157c and a MC of around A$1.5B ... so the new MC should be around A$3,000m ??
The index changes will take effect this Friday ? I saw something about RED more than doubling its presence in the GDXJ .... and the ASX200?
The eligible SLR holders will have their SLR holdings converted overnight to RED ... and then perhaps the MC will get adjusted ??
Yes, congrats to Mark Williams for being the driving force of the team that first, rehabilitated Siana, and then started the Leonora consolidation that has matured into the KOTH monster, thats created such a wonderful opportunity for the gang from SLR.
As I've said many times, a share price consolidation should be a given, and a name change too .... something that rhymes with Genesis would be suitable IMHO ...
Share price hardly jumped on the merger., page-8
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $2.857B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $55.01M | 131.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 136340 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 2109264 | 10 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |