The question becomes "Where will SLR find a Key support level"
I just dont see any deep pockets keeping faith with SLR, most goldies are well below where they SHOULD be, some with robust numbers and great turn around stories.
The truth is Australia is a very small market with only so much equity, now the equity pool is being shared by BTC and Lithium stocks as well as MJ stocks and new market participants meaning there is less to go around all investment classes.. the never ending real estate bubble has also kept money from ever hitting the ASX, and well no need to mention the board of SLR.
I am an extremely faithfull person and investor and ONLY invest in the long term... but i just couldnt hold SLR any longer.. i still hold other gold dogs like DRM, ANL, BCN etc but was just such an angry holder of SLR i have done myself a favour.. For me the negative experience trumped money in the end which is saying something indeed.
Hope we hit rock bottom in the gold cycle as physical gold & silver is still my biggest investment.. hoping SLR gets an attitude adjustment at a re-education camp and can move forward with optimism and positivity.
SLR Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held
