Are you still holding this dog.
Do you still think this will see $ 1-1.20 by May 2019.
I think it is highly unlikely......even if this merger thing goes ahead which it will by the look of it.
If not anything this merger thing has put downward pressure on both companies. The market sees little to no benefit out of the merger. I personally think it is a good thing.
I haven't got in a big way since I got out. Small position here & there.
The cash balance has remain unchanged in the last 6-7 months and will remain around this level for the first half of 2019 due to high AISC. The share price has been stagnant since I got out.
I sold out of SLR and bought RMS when I saw a huge disparity in price.
Fortunately RMS after giving a lot of pain worked out very well. It had a good run.
It would be nice to hear from you.
@ozpolarbear
Haven't seen you around the gold sector.
What are your thoughts on USD GOLD, AUD GOLD & SLR/DRM merger.
If time permits would appreciate your views on the above.
Thanks.
SLR Price at posting:
57.5¢ Sentiment: None Disclosure: Not Held