Another great set of results - surely now its time for critics to stop downgrading SLR because of "short LOM" ? Cool Hand is not given to hyperbole, and if he says that he expects mining at Mt Monger to continue for many years, its likely that will be the case .... so, if SLR can get AISC's down, increases cash reserves and production above 150k per year then the re-rate is a lay down misere. The only fly in the ointment is POG, which is significantly ameliorated by SLR's judicious hedging.
I noted that SLR doesnt seem to be at this years Diggers&Dealers as a speaker or an exhibitor.
Its an expensive gab fest and I have to agree with Cool Hand that talking more of the same doesn't achieve much in this day & age .... lets hope the half yearly does all the talking necessary to get the insto's to buy up big and catapult SLR back into the ASX 300.
And one more thing .... gives us some corporate action or a dividend.
I sold a wad of SLR to top up my RED5, but still have a decent holding, as I agree partly with Pezza that full value is still in the neat future.
Happy NFY to youse all.
SLR Price at posting:
57.5¢ Sentiment: Buy Disclosure: Held