strong move 32.5c-41c in 14 days of 26%
33.5c - 41c in 7 days of 22%
Looks like the PRU/SLR dance is back on after a few years disconnect with the same top 2 holders Van Eck/GDXJ & Ruffer now
Maybe Paradice Citi & others are back on the bandwagon to ramp these 2 unloved cheap goldie stocks back to $1 like they did with SBM SAR RRL etc
Differences are:-
- SLR is WA based, PRU is West africa based
- PRU is 33% above triannual lows (27c) but SLR is 300% above that (14c)
- both now near annual lows
- both have the same top 2 holders
- both had similar top 10 holders back 2010-2015 like Paradice
- PRU has Aust Super as a new substantial holder with a new credit line from Macquarie Bank
- PRU a new mine & mill now opening in weeks at way lower costs
- SLR has only 1 mine with limited life left
- both have large deposits nearby at good grades
- both are lowering AISC 1116 v 1359 with many broken promises and legacy issues
- PRU has cheaper larger labour in cheaper african currency not AUD$ on high union rates
- SLR Mcap is half of PRU
- PRU production is higher 210kozpa & soon double 280kozpa that of SLR 136kozpa
Either or, both seem to be dancing together again hourly & daily, merry dancing to $1!
SLR Price at posting:
40.5¢ Sentiment: None Disclosure: Not Held
