SLR 1.97% $1.82 silver lake resources limited

This is absolutely ridiculous. There is no reason for this to be...

  1. 813 Posts.
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    This is absolutely ridiculous.

    There is no reason for this to be at 35c, unless some fund had enough and wants to get out at any cost.
    Market cap at today's prices 178 million with 81 million cash ( cash + other investments)+ there would be a slight increase in cash holding by the end of Sept Quarter.
    Enterprise value is less than 100 million at today's valuation.
    I have bought more today.
    Today is not a day to sell.
    Today is not a day to get scared and runaway.
    Today is a day to man up and buy.
    Unless something seriously went wrong at the mine site( I doubt it, as I trust the management on that part even if they don't buy any shares), nothing has changed in the fundamentals of SLR so far from the sharp dip from 41-35.

    This is only my sentiment, not a recommendation to buy and sell.
    I am buying.
 
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Currently unlisted public company.

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