SLR 1.97% $1.82 silver lake resources limited

When I looked at production and ASIC I was a bit disappointed,...

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  1. 877 Posts.
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    When I looked at production and ASIC I was a bit disappointed, but operating cash flow was $24.7 million and net cash still rose to circa $110 million. At the end of the day cash is the name of the game and given over $10.6 million was on Aldiss capex and $2.6 million was on exploration I think it was a pretty good result. Inventory movements were $11.4 million which is what bumped ASIC up. This will be recovered over the coming year so cash flow generation will only strengthen from here.

    Worth noting that Daisy north will come into production later this Financial year. See comments below. Not included in reserves and high grade shallow u/g mine. Good times ahead. I'm buying this dip. GLTA/IMHO

    DaisyNorth.JPG
 
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