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1.97%

$1.82 silver lake resources limited

I've been patient, but no way it will get back to what I paid...

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fedmelb58

165 Posts.

5

08/09/17

15:03

Post #: 27091665
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Originally posted by flaming ↑

Hi Guys,

Anyone who thinks this dog has been sold down are mistaken.
I think this dog has been capped and accumulated. Their aim is to accumulate under 45c as long as they can. If I had the ability to do it I would have done that as well.
It is quite remarkable how they have been able to accomplish it. But time is running out, the gold price is on the move and soon the masses will start bidding it. Day traders and momentum traders or short term investors are out of it. They know what is happening, they don't want to fight the big boys. When the big boys are ready to reverse they will be the first one to know it. We will see gap up after gap up.
I say this because if this was genuine selling, the price would have drifted much lower than this level. But it is stealth buying going on, price has been held at 44-45c. Another fact they have been able to do that is there are investors from 2014-2016 who have a much lower entry level, some of them will be selling and moving their money.(Not as happy selling at 65-70c but a profit is a profit). The stock stayed under 20c for more than a year.
But it is all coming to an end soon. This breakout in gold looks for real. All dips are bought aggressively.
Those paper dump at Comex are having less & less effects. Same thing those price hold manipulation will start getting weak as buyers will line up eventually. It looks to me finally after a 5-6 year of brutal bear market the stars are aligning for gold. Every world news is pushing the gold price higher.

I read some people asking question why don't the SLR director buy shares. Those directors didn't bought at 14-15c, why would they buy at 45-50c. The directors and management are not in the business of buying and selling shares. (We are in the business of buying and selling shares.)They are there to run the company as efficiently as possible. If they happen to buy stocks in the company......good. If they don't ...I don't care. As I know if a director needs some money and sell shares in his company....my goodness there will be revolution from the shareholders..bad press...etc.
So having said that, I think Luke and David have done a fantastic job. Yes they don't go door to door to promote the company......but they certainly have turnaround the company. Now if the share price was 70-80c, I bet no one would be complaining......but since the share is been held down and accumulated....people are unable to make money trading....they get frustrated....blame the management.
What can management possibly do........make an announcement the shares are cheap.....it's been held down.....it's been accumulated.....or it's been sold down in-spite of all the good prospects......shareholders are not happy........ring the ASX about it. Management have other things to do which is making the company profitable and attractive to investors. That's what they have done and that's what is happening.
They have made the company attractive to the big boys and the big boys have clamped the share price to accumulate. Does anyone believe the share price can stay at 44-45 c for five months all the while the gold price ran from 1200-1345. Now those accumulators will not be happy to read this and may come out to attack and give all the reasons why SLR is a very bad investment. If anyone doesn't believe it then try loading some shares at .435-.445 on the sell side and see what happens.

There is a bit of negative development today from the WA government to hike the royalty on Gold from 2.5 to 3.75% which means 3 million extra payment from SLR to the government. If the gold price rallies another 50 dollars then that's a 7 million extra revenue for SLR. I think the gold price is running few hundred dollars. Also there will be a bit of rotation from the big name Aussie goldies to these dogs as the big goldies are more affected.

Cut long story short......a lot of patience is required here.

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I've been patient, but no way it will get back to what I paid back in 2013...over $2.

SLR Price at posting: 44.8¢ Sentiment: Hold Disclosure: Held
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