Ann: Thick high grade results at Santa confirm UG mine potential, page-8

Santa's coming but nobody gives a dam .... no Xmas rally this year .... beware of a Trump in China's shop ?

SUNDOWN SONG ~ Sometimes, I think it's a sin when I feel like I'm winning when I'm losing again....

Its peculiar that a merger that has all the hallmarks of being smart, safe and mutually beneficial should seemly have less than zero impact. But then again, to paraphrase Nordesmic, its a very tough market for goldies at present. Just look at the SP battering of previous darlings DCN, WAF, CDV & GOR.

Hartleys are bullish on both SLR and DRM, and had buys on both with 12 month targets of 79c and 48c respectively. They now reckon the merged entity 12 month target to be 85c/share, and opine that the merger "should happen". Hartleys believe that resource & reserve estimates are conservative and that all things being equal, production could exceed the merged entity estimate of 240,000 oz pa. SLR/DRM EV/oz prodn = $1131, SAR = $5790 RED = $750 .... hmmm. I think they're trying to say it's undervalued by the market. Apparently, RBC's number one gold sector analyst hasn't published a report .... might have something to do with RBC being SLR's corporate advisers (see ASX announcement of the merger). 

 Todays Santa announcement is highly encouraging and if as Cool Hand says " there's plenty more on offer ..... ",  then SLR profitable longevity seems assured. 

SLR has multiple mines, with good grades & reserves, whereas "all DRM's ore comes out fo one hole 5x5m". DRM shareholders concerns should be offset by SLR'S capacity & intent to accelerate drilling in and around Deflector ..... or they could do a SP destruction like WAF and raise money by issuing more shares .... good luck with that!

If, as suspected, the quarterly good news continues, and the POG permitting, there should be a SP rally in the NY, especially after the merger is complete. 

I've waited a long time for the planets to align to sell my SLR ..... 2019 looks like very propitious. Merry Xmas & Happy NY to youse all.