The quarterly is great. No question about it. BEST TWO...

The quarterly is great. No question about it.
BEST TWO quarterlies in a row in SLR's history.

That is the reason SLR share price has held so well.
Last time at this gold price SLR was much much lower.

The outlook projected is not fantastic...AISC well above last two quarters.
What I got is that the company will be only revving and spinning wheels for the FY19.
Unless Luke is under promising to exceed investors expectations.


USD Gold sentiment has destroyed investors confidence once again.
Gold is playing Villain right now.
Therefore my take is unless the Gold price starts heading higher or investor sentiment change, SLR share price is as good as it gets.
My decision to sell out doesn't look so bad so far. I expect price to come back to 51-55c.(Fair Value)
I am wrong more than half of the time.
At the moment bit of distribution going on......once they are done......price may come down for accumulation. The masters of the markets can do anything. Take the price where ever they want.
The stock should have never gone to 33-35c when gold price was above USD 1300 and above AUD 1700
The masters can make it happen.