Chingy...I voted in favour of the merge today and online it was very easy to do....originally when it was first announced I was actually against it but there are some very good reasons for merging.
Both DRM and SLR have hit 52week highs yesterday & today (Yet Again!)
I must also add that the MD, Leigh J, rang me a few days ago and asked me if I had any questions or concerns, about the merger. We had a bit of chat about the stability the merge would create and the extra land holdings and mining areas that SLR owns, plus the fact that the large overseas fund managers would now be able to see the new company as more than a 1 or 2 mine operation, therefore fund managers would be able to invest more responsibly. (At the moment they won't even look at us.) The merge de-risks both companies and with the $100M cash and rising, it can and will be used for expansion at Deflector and wherever else its needed. Maybe another TO or dare i say it, a Dividend!? cheers Papabuy ps.... i'm still accumulating.....a good future ahead!.....but as always DYOR.
DRM Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held