re: Ann: RDG: Pacer and Silver Lake Resources... That's what I...

re: Ann: RDG: Pacer and Silver Lake Resources... That's what I thought, too. Then a second ANN came in, with this:

http://asx.com.au/asxpdf/20130503/pdf/42fpq6dt4sqx10.pdf

"As previously disclosed to the ASX the budget total for milling and surface infrastructure was $65-$70 million through to first gold production. Silver Lake now estimates that the final cost to complete, post settling the dispute with Pacer and costs to complete the gold room will be $91 million."

I don't think anyone is a winner from this. SDG did work that was not agreed upon, but SLR needed to have extra work done, it seems. $21m extra needed by SLR, and they have $11m cash. Capital raising?

I like SLR but if they need a capital raising, one may as well wait.