SLR silver lake resources limited

where will the sp go from here ?, page-47

  1. 2,211 Posts.
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    Toprated,

    Not in a position to imply that that's the case...however

    (Pantry) has a good theory on the "Insto - Rip Off thread".

    "Yes Les I am sure the placement was well supported, considering the timing. With SLR on the verge of breaking out, the shorts panicking and selling the mickey out of your stock, begging for a cheap placement to cover with. Why buy on market when you can get all you need from the old boys eh? Well done mate! drinks all around. Wash, rinse, repeat."

    If you have a look at a gold chart for the last 6 month you will note that SLR's share price virtually mirrored the ups and downs in gold...until 17th Feb (before the CR announcement on the 27th Feb) when it started to head South...its also interesting to note that the shorting started in earnest on the 26th Feb "BEFORE" the trading halt was announced before market on the 27th Feb...see link below.

    http://www.shortman.com.au/stock?q=SLR

    All the above...Just my opinion

    It is what it is...taking a longer term view and averaged down.
 
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