bullish
All Eyes on Jadar + Red 5’s Next Move
SUMMARY
- Red Five sold 412 million shares acquired through the process of merging with Silver Lake, making a tidy profit of 30 million
- The move gives Red Five nearly $500 million in cash and bullion with no debt, providing significant flexibility for the company
- Len's discussion in the Diggers presentation indicated that this was a medium-term strategy with potential action by June 2025 for evaluating and dealing with the shares
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