Ann: Silver Lake and Doray Merger Presentation, page-93

We went down 2 pips yesterday, so today up 2 just nullifies yesterdays shock down day.

SLR up nearly 6% today, basically DRM is being gamed.. likely the only resistance to this took a walk (and a hefty loss) id imagine simply to wipe their hands of this (mostly) hostile merger.

The market is saying DRM holds are mad and selling, and SLR is looking very good - its main problem other than the board was the sky high AISC and DRM will remedy this and hide the brutal cost of their operation.

Anyway... this is playing out like intended with DRM holders taking advantage of any slight rise to bail? Am i right.. dont hear many alternatives here as to why the SP is so feeble.. obviously existing holders are mad enough to bail despite very strong macro conditions for Australia Gold miners currently (bull run here 100% if not for this horrible managements decision)