Lagging, page-10

This has to be the most frustrating gold stock I have ever held, I just wished I sold out when it nearly hit 80 cents earlier in the year, now I am back to when I bought it (which I acknowledge leaves me in a better position to many long-term sufferers here).

It seems the only clear way to reduce costs is to cut administration costs that are unusually high for its size, being a boards of bloated rats. Because the grades are not improving enough to cover this dead weight expense that is a noose around shareholders and overall costs. How many directors do they seriously need to flog off hugely downgraded assets previously acquired and spruk the announcements, way too top heavy. Nothing of any serious strategic change seems to be happening when I look at the top gold producers EVN and NST who know how to recycle assets and make strategic acquisitions. Then there is the better preforming micros like BCN that actually try to benefit the shareholders in getting a long-term strategy going with a management that actually works for the shareholders.

The worst thing is SLR is getting no positive gold price movement upside to the market, which is where I made the mistake in investing in this dog thinking it was mispriced. The conclusion I can only make is the significant under performance is due to the market classifying the board being a dead weight that thinks sitting on its hands and waiting for the gold price to turn is a strategy or has no appetite to make the necessary sacrifices to reinvigorate the company (being wages, cutting board members and bringing in new blood and ideas).

Perhaps they will hit a large lode and will pat themselves on the back with more money.

In the end I suppose I haven't said anything new.