I concede that it is reasonable to consider the "merger" to be a take-over of RED by SLR and for the discounted price assigned for SLR shares to be regarded as a premium to RED shareholders. That is quite a small premium for a take-over.
With the release of SLR's Interim Results this morning, it would have been nice to find a dividend declared in view of the very healthy increase in cash flow and profit. However, all that can be looked for is the possible equivalent of a share buyback if the existing RED shares owned by SLR are cancelled following the merger.
I still like the idea of a 445Koz pa producer with over 4Moz of reserves in my portfolio, if the merger really does go ahead. In the meantime, the market is killing the price and I am looking to top-up because with or without a merger it is looking good value.
Why say NO !!!, page-16
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Last
$1.54 |
Change
-0.015(0.97%) |
Mkt cap ! $1.434B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.56 | $1.51 | $5.528M | 3.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20739 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 27975 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.53 |
Change
-0.015 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| $1.52 | $1.56 | $1.51 | 1424629 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| SLR (ASX) Chart |