I have been a long term holder. Sold a swag at 52c. Sold another tranch last week. Have considered sell the balance of my holding. I am very disappointed at the "invisibility" of SLR management at investor forums, broker briefings, etc. Two things have stopped me selling my last lot. Firstly, I see the big end of town slowly but surely pushing the SP down. Numerous small lots being traded every day is proof of this activity. When they have their fill they will start pushing the price up again. When they do the SP will move back into the 40's or higher.
Second reason to hold on is that the AISC should be coming down and that they will be processing higher grade ore in 2018. They also will continue to find additional high grade ore at depth imho. (See Breaker Resources recent at depth finds).
The issue is evaluating better and quicker returns elsewhere against what is is an under-valued SLR. Of course, the great big negative is the life styler management. They have no plans to expand their horizons, and could become a corporate takeover play if SP stay in low 30's. Only thing stopping this atm is high AISC.
SLR Price at posting:
33.8¢ Sentiment: Hold Disclosure: Held
