SLR silver lake resources limited
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It seems to be the market has voted against the deal.SLR is down...

  1. TazD
    427 Posts.
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    19/02/24
    12:00
    Post #: 72481677
    It seems to be the market has voted against the deal.

    SLR is down 21.6% on the takeover announcement. This is an incredible amount considering conventionally when being taken over shareholder's require a premium.

    Yes the gold sector is down over the same period - the XGD is down 7%, so SLR is down ~15% on a relative terms - noting SLR is a component of the XGD and would skew the result to the downside.

    This deal is a no goer based on market reaction, for how can shareholders vote for it?

    We do need new leadership which wil weigh on the SP until resolved.
    Last edited by TazD: 19/02/24
    SLR Price at posting: 99.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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