SLR 1.97% $1.82 silver lake resources limited

Ann: Appointment of Corporate Development Officer, page-16

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  1. 303 Posts.
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    Pezsaz says he has over 1m shares .... with the abandonment of this company by institutional and I suspect (sophisticated) high net worth investors, his holding should place in the top 20 shareholders. As I have said before on HC, the only top 20 shareholder list available to the public is that published in last Nov Annual report. Even this is very opaque, as it gives the holdings in nominee companies, not the true identity of the holders, except the top2 ..... is this not a listed public company .... don't shareholders have a right to know who are the influential shareholders ?? The board & MD know this information and but won't share with ordinary shareholders !! If the MD & the BOD say they have the backing of large shareholders, to back their studied indifference to ordinary shareholders ....then WhoTF are these entities ?? The truth shall set you free .... if anyone has a current top 20 or 50 list, please share .... need if going to mount an assault on BOD.

    So, if as persaz says, SLR is such a strong robust company, that he's come out of hibernation to buy some, then why are people selling below his entry point ..... because they don't trust the company or its BOD !
    Also claims, without a skerrick of proof, that he knows that institutions are looking at SLR .... SMTM!
    Persaz claims that SLR is 'takeover proof' .... yes if the unrepresentative BOD digs its heels in, it can use shareholder funds in SLR to defend the indefensible .... but if the BOD really cared about shareholder value, they would put the company on the market for a TO or merger to liberate locked up value. Nothing else will affect the MC in the short to medium term .... in the long term SLR will be defunct ... unlike NST or BHP.
    Persaz valuation rests on the dubious premise that gold is going to $A2000 by years end - LOL.
    For those shareholders hoping to get back to entry prices od several dollars .... not going to happen unless SLR discovers oil, or a new Super Pit.
    A very senior member of the SLR hierarchy told me that original merger was a swap of overpriced shares for overpriced shares. Why would SLR do that .... well, the founders sold their free share options at close to $4 per share x 4m shares and the IGR top 2 final holding statement revealed that Cairns sold 1,947876 shares & 4m options & Ironside sold 3,876,503 shares & 3m options .... talk about taking the pain out of losing ..... so all the principles of the merged companies were set for life, and the SLR BOD have a sinecure 'till death do we part' !
    Pity about the shareholders left with the hollow shell ..... even Persaz's 70-120c target (in 18 months - LOL) is fanciful. Pez might be right about one thing .... SLR looks likely to hit 30c before 70c.
    Unless corporate action takes place, SLR will remain a lifestyle company for the benefit of the BOD & staff!
    So, may I call you Pez, don't excuse the BOD .... join the underground and try & force the BOD to perform or walk the plank .... the English navy used to hang an admiral from time to time to keep the rest motivated.
    PS looked at your previous posts which included other 'dogs' like SAU which you enthused about in 2007.
    Have another look .... now, SAU is more likely to be a 10 bagger than SLR a 3 bagger ... IMHO.
 
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