precisely why i bought SLR ahead of many others colinchi. My average is 42-43c.
The main reason for the extra drop is a combination of Murchinson closure and capital raising.
These two events are positive in the long run. Murchinson closure will stop the cash bleed and an improved balance sheet will sustain growth at Mt Monger.
An additional factor is the lower chances of profit taking. If you bought NST for example and gold price looks bleak... chances are you will offload the one that is still in the money. MML for example had their capital raising at 1.8 and the risks of them dumping back to their lows is substantially higher than someone who participated at 60c like SLR.
Too hard to pick the lows. Nobody gets them right all the time. I think 40-45c is reasonable as we wait for quarterly updates this month
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