Ann: AYR: Horse Well JV Update, page-13

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timbin4

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29/11/18

13:44

Post #: 36688199
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Originally posted by DoriansMirror ↑

Originally posted by 1for1
Removing subjective opinions from the equation and judging by the SP we are down from 36.5c to today 31c.

Obviously the market and those who have the ability to move the SP have rejected this offer.

Sure the hope of this is to create a tier 2 Gold company (the supposed positive), but i would add the real goal of any plans would be to increase the SP and profitability of a company, i don't see this proposed merger doing this, its only been negative - and a day after the AGM with a strong gold price move overnight we are down another 3%... this speaks volumes to me.

So looking at sentiment of posters, the share price, and the outlook - id say the SP will continue to be punished by market (that hates stock purgatory with a passion and will always beat-down and beat-down again those companies that choose to let a stock drift on an airy proposal the market vomits up straight off the bat).

SLR has such a bad investor / staff / industry / company reputation its the kiss of death announcing this (imo)... and the market has agreed with me, my continued disappointment is that this was randomly pushed on me as i have stated i sold out of SLR at a loss as i was furious with the SLR board beyond belief earlier this year.
Paradoxically, the lower the DRM share price goes, the more attractive the merger becomes.

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I think you'll find the SLR and DRM share price are now tracking pretty much in step with each other, so neither party is winning.

DRM Price at posting: 31.5¢ Sentiment: None Disclosure: Held
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Ann: AYR: Horse Well JV Update, page-13

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