SLR 1.97% $1.82 silver lake resources limited

Ann: March Quarter Production Update, page-38

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  1. 813 Posts.
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    As much as I would love and like to see 50c conquered, I think most likely chance it will back off from here.
    Unless gold punches through 1350-1360, this will stay here. I don't expect it to go over 50c in first attempt.
    It will take some time to work through the sellers.
    Good thing is SLR is marching higher on good volume.
    Price can be manipulated easily than volume.

    If the last quarterly update has merit then SLR in the process of becoming cash cow, in which case the market will start applying a small premium. So 55-60 cents range could be seen by June quarter.
    At that time I will sell some, until then just watching, watching and watching.
    Initially I thought 50c but I'm being a little greedy. The point right now is sell SLR and buy what.....unless one needs the money for some other things. Right now I can't find anything more attractive junior miner than SLR.
 
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