I have been watching the trading over the last few weeks and when I think it is accumulation
it then appears someone could be wanting out and not trying to drop the price too much. In other words, I
cant work out what is happening.
With the gold price at nearly 1700 dollars Au and the average price of gold sold by SLR incorporating their hedges close to an average of $1700, an AISC of $1350 and 140T ozs of gold per year, they will generate
about $50 million after AISC.
Deduct other expenses such as exploration $12 mil and $13 mil for working capital which leaves about
25 mil.
Surely investors must sit up and take notice that this company appears to be undervalued.
Or have we gone so far that no one trusts management and confidence is gone.
SLR Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held
