what do you do when there's panic?, page-9

I didn't get in on the low on Wed but slept like a baby last night at a $1.03 entry price. The difference between SLR and many other producers has already been shown by the quick and desicive decision making by MD Les Davis since the gold price 'shake out' a week ago. That was to reduce throughput and ounces produced. And to mine higher grade blocks to maintain or actually increase margins. Some producers must maintain dirt throughput no matter what due to operational necessities regardless of the gold price. Multiple mines always diversify production and can smooth out revenues and profits. SLR diversification will be further enhanced when a second production centre Murchison is declared 'commercial production' this quarter. And all the while SLR has the fortunate position of being abe to source and blend high, low and medium grade ore from multiple underground and open pit deposits and from a huge 'already mined' ore stockpile and produce at either of SLRs two different capacity mills in the same region.

Cannot erase the fact that the contract dispute and cost overrun at Murchison is a first blemish for Les Davis and SLR but with any luck a mutually agreeable outcome should occur soon as both companies have worked together on expansion projects before and Pacer no doubt should be looking ahead to further significant contract opportunities with SLR in the future with the Southern Mining project.

The Mount Monger Business Optimisation Review post-Integra merger will be completed this quarter. The integration and mining plan of Integras underground and open pit assets will add to the flexibility of the megred groups mining plan for the next ten years and beyond.

This company has achievable plans to be producing at +300k oz PA rate next FY and then add another 100koz PA from Southern in a couple of years time. Short-sighted 'analysts and brokers', shorters, some investors and many stop-loss traders combined have priced in all the bad news and more as well as the gold price oblivion scenario into the SLR share price in the last two weeks. Redemption is nigh. I agree that SLR is ripe for a big gap up on Friday if the POG holds anywhere near plus $1430 currently $1444.