lack of confidence, page-134

samscout
YTD is irrelevant . look to last quarter as a guide. ( Mar quarter 1266) Also take the figure including non cash items which include things like inventory movements

for years the gold companies disclosed cash costs which were so far from true costs, SLR currently discloses AISC before no cash movements and after, a change in inventory is still a change in real costs so don't be fooled by what they highlight, look at what the disclose relative to other gold stocks which is the last line.

also I note 12m of cash set aside for Murchison C and M but these excludes losses from remaining production

admittedly, I don't think its dire fro SLR, I just think current gold price makes it tough and balance sheet leaves little room for any unforseen issues.

I think SLR trades about right for current circumstances, until gold proves it can hold support at 1200 or 1185, because the ultimate risk is a failure of that level ad then gold would test 1000 which would decimate gold stocks, and SLR would be loss making without question