Looks like market didnt agree plus its 4 day dance with PRU...

Looks like market didnt agree plus its 4 day dance with PRU broke today,
SLR closed at 39.5c PRU at 40.5c

Au price volatility affected SLR more than other goldies.

The Instos are playing games with these 2 goldies in tandem at the moment. Their top 2 holders are the same - Van Eck & Ruffer.
In the past few years SLR has lagged PRU but recent few years it has 3 bagged from 14c to 40c to 80c back to 33c to 40c again whilst PRU has traded 30c-70c-25c-60c-29c-40c & just risen off its bottom range in the last few weeks
yet despite their market cap, location, cost & production differences, they have re-attached as dancing partners recently.

I doubt this dance will continue and the price difference should widen in coming weeks. If Au price rises, SLR will likely rise with it at the same rate to the half cent as PRU.