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$1.57 silver lake resources limited

Ann: FY16 Gold Sales and FY17 Guidance-SLR.AX, page-24

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siameseparrot

24,765 Posts.

08/07/16

16:07

Post #: 18227284
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Originally posted by Photis ↑

The report is largely a confirmation of our expectations that the company has emerged from a very difficult position in good shape to grow it's production and reserve ounces.
The hedging is unfortunate but I was very happy with the price they were able to secure at the time. It's knocked a little cream off the top for now but at least the company remained in operation during the lean period with lower risk.
It's difficult to say why this is the best of the bunch but there is good exploration potential and the P/E ratio should still be a little lower than some others. This will need to be confirmed once all the detailed reports are released.
If nothing else, it's good to see the cash pile increasing. The options now available are exciting!

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"If nothing else, it's good to see the cash pile increasing."

You have left me confused. Maybe you'd care to explain what information you used to post the above, because below are the FACTS as provided by SLR.

Cash and bullion $42.5 at 30th. June.

Cash and bullion $42.4 at 31st. March.

SLR Price at posting: 65.3¢ Sentiment: None Disclosure: Held
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