Think this is a solid result slightly better than forecast with...

Think this is a solid result slightly better than forecast with what looks like some exciting news on the exploration front. A key problem seems to be that they are processing less than they mine (not helped by a mechanical fault at the plant during the quarter) and this is putting a cap on cash generation.

As stated, the next quarterly is key for SLR with the project capx and the stamp duty winding down plus (fingers crossed) an upswing in gold produced. We'll need an increase in cash holdings in the vicinity of at least 6-8 million (with forecasts at these levels and above) and we should see the SP bounce. Time for SLR to start delivering - the market (not to mention many HC holders) won't be happy if they don't.