I have followed this for a few months now and watched as it went into a seemingly endless decline with lots of manipulation and speculation over CR. management took forever to bed down the CR then +#$% it up with options driving the sp even lower. I felt that the mid two's would be the bottom given the CR at 3 cents. The best thing about all this is that the sp is quite low given they expect to be mining within the month. ML due mid June and with contract crew in place. Macey's an easy target for sl1's first mine followed by aisha which will eventually be significantly larger offering a 4-5 year LOM.
I expect we have finally rounded the corner and will look forward to first export of zinc (mine grade is DSO). The huge potential resource, with 30 more targets, some much bigger that aisha, will underpin significant growth in the medium term. Today seems like the best entry point for this stock
SL1 Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
