When this merger was announced the gold price was $A1669 and now it is $A1805. That is about $11m to the bottom line for Doray and $19m for Silver Lake. Both have announced positive drilling and Doray has achieved a better price on the Andy Well/Gnaweeda prospects.
At the same time the share prices in both are unchanged.
Surely there must be a re-rating soon, or am I missing something?
Happy New Year.
Ann: Silver Lake and Doray Merger Presentation, page-74
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