Ann: Silver Lake and Doray Merger Presentation, page-23

An MD comes along and drags the company up from near death, then continues to win the respect of shareholders by improving cashflow while increasing spending on further drilling to increase the resource base.

All going well for quite a few months with the share price hitting new 12 month highs. All looking good for shareholders who are happier than they have been for a long time.

Then out of the blue THIS!!

If I'd wanted to be a shareholder of SLR I would have bought shares in that company. I didn't, I bought shares in this turn around story. Now 25% of shareholder value has evaporated in a couple of weeks.

Oh well time to look for another goldie, plus another name to ad to the list of directors I have.