what you cannot see(now), page-67

champ,

The reasons I like many think that there will be a write down are as follows:

SLR's takeover offer back in Aug 2012 was at a 44% premium to its share price.

Most Gold stocks since Aug 2012 have dropped between 50-75% due mainly to the falling POG.

This suggests that SLR overpaid for Integra based on the current POG.

The year end Accounts are due shortly and SLR has $123M of goodwill sitting on its balance sheet.

Whoever Audits the accounts will be covering their ass with ALL golds stocks and will likely insist that some of this is written off.

I believe that this potential write off is already factored into the current share price.

The problem is however that if they come out next week and say they have to write off say $50M-$100M of goodwill the market will still hammer the stock as shorters love targeting stop losses and panic selling when these sort of things occur.

It may well turn out that no write off will happen but I'm playing it safe by only holding some shares in SLR.

Get the full year accounts out of the way and get conformation of the actual production costs and I will be loading up again.

Its all about managing risk as I invest rather than gamble.