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SLR

1.97%

$1.82 silver lake resources limited

I bought at $2.13 a few years ago. Patience is running out.

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fedmelb58

165 Posts.

5

14/10/17

16:00

Post #: 27906414
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Originally posted by flaming ↑

Good question.
Everyone has their own opinion and numerous reasons to buy and sell.
I think if you have held on for so long, taken so much pain, unless you have very good opportunity elsewhere or really need the money for some very very important things/.....why would you sell now.....why would you sell at 40c when the intrinsic value of the stock is 38c.
It should be well above 50c at this gold price.
Why would you sell now when SLR is in the best fundamental and financial shape it has ever been.
The company was nearly done in early 2014 unto the end of 2015. Since 2016 it has got a new life.
It is not going to 3-4 dollars at this gold price but if gold stays above AUD$ 1600 and higher SLR business is going to do well. I can't guarantee the share price will do well simultaneously but it should by any logic.

There are lots of reason why it is not doing well since the Van Eck saga. Van Eck distorted the junior gold miners and I believe Van Eck will resurrect it in due course of time. Funds and money managers will see the value here. They will see reason to buy SLR.
At the moment Van Eck is very busy playing games to buy back some of the shares it sold.
The reason Van Eck can play this game is not much participation from other fund managers or
Unless they all are in cahoots and still accumulating.

This management is okay running the business but are hopeless in promoting the company. They never make any effort to boost the share price. I really think the management sitting on their ........at Perth Office should get on the street to talk up the companies prospect. Meet fund managers, showcase the company at gold convention etc, etc. A good part of managements job should be also to oversee rise in the share price.
I think Luke Tonkin has done a good job so far but maybe time to go and get someone who can do as good a job as Luke Tonkin and also do a good job with promoting the company. Luke Tonkin just won't do it.
It's not in his nature. The other guy named David Berg should go as well. I have spoken to both of them and have found them having no desire to promote the company. They make their wages and a pretty good one....why bother about the share price. We shareholders worry about the share price.

Anyway getting out of the subject.

I am still holding and adding at 40c. I have few hundred K shares which I intend to sell above 50c.
There are funds and institutions who have many millions invested in SLR. It is going to hurt them a lot more than to me if the share price doesn't go up.
These games should stop eventually and the share price will find its real value which is well north of 50c at this gold price.
The gold market is setting itself for a long overdue rally. The upside gain far outweighs the downside risk.
My belief is even if the gold price stays just around USD1300 and AUD 1600+, SLR and some other ASX junior miners should do well.

Easy to say anyone to have patience but equally hard to exercise it.
It's a mental game.

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I bought at $2.13 a few years ago. Patience is running out.

SLR Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
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I bought at $2.13 a few years ago. Patience is running out.

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