There are plenty of goldies that have been having a hard time of it lately (e.g. PRU, RMS, RSG) but SLR definitely seems to be one of the worst. Whilst most goldies are up today SLR has failed to make even a small increase. Even now in late trade the sell bid at 36.5c is growing which signals another weak close.
This price action is very dissappointing for many shareholders (myself included) who keep wondering when the bounce is coming. Surely there is value at these prices with the assets that SLR own and the strong AUS gold price.
SLR Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held