Australia's largest stock trading and investment forum Australia's #1 stock forum

SLR

Click for more information

1.97%

$1.82 silver lake resources limited

I expect the Qly Report to be issued before trading opens...

First 5 Last

Share
Profile

Follow
smartdude

1,684 Posts.

103

24/01/19

17:37

Post #: 37215689
Share

Originally posted by MIStragic: ↑

SLR have hedged about 130k oz of pre-merger production at approximately $A1725 over 3 years .... a necessary insurance policy for a transiently high cost developer of new mines backed by aggressive exploration. So the majority of production will be available to be sold at current POG.
The risk of a low POG weighing on SLR in its ugly duckling phase has been quickly forgotten by panglossian retrospectives.
The hedging policy was de-risking policy as is the aggressive exploration policy and now the mutually beneficial proposed merger.
Barracks merger with Goldcorp is confirmation of the merger trend at large, as is the recent activity of NST ... get big, strong and emphasise quality ... winter is coming. Brexit may just be the first destructive storm of a new dark age.
SLR remains very undervalued, and the market is giving way too little weight to its fundamental strength and the importance of its bulging war chest.
It will be neck and neck between RED and SLR for "gold miner of the year" at this years Diggers & Dealers.

Expand

I expect the Qly Report to be issued before trading opens tomorrow and for it to be a positive one. I would be surprised if we do not see a SP spike tomorrow.

SLR Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 3 more messages in this thread...

First 5 Last

Add SLR (ASX) to my watchlist