“I should add that the future success of SLR is irrelevant to the question if the EGA shareholders should accept the offer or not. Even if SLR were heading towards bankruptcy the decision to accept should only driven by the price offered. “
Your statement is irrational, SLR is offering shares not cash thereforethe future success of SLR is very relevant.
I don’t understand why SLR is bothered with the T/O of EGA when the Andy Well Reserves are four times as much and double the gold grade.
Past decisions of selling assets were “market dependant”, mothballing mills was a liability; the company was strapped for cash and the gold price low.
Now SLR, after having sold two mills owe it to the shareholders to replace at least one mill given the current financial conditions.
Cool Hand at the recent Denver conference: “Cash is King” but most shareholders believe that Gold is a better than cash, otherwise they would not exchange their cash for gold shares.
The gold charts are rising in all major currencies in every time frame (except the last month) and only the 20 year US$high has not been breached.
Yet there are much more Fiat US$ (Reserve currency +Petro Dollars +Unfunded liabilities +Market Derivatives).
Weak economy (Debt over one trillion and
increasing every year).
