Communication Breakdown, page-12

First 12 Last

Share
Profile

Follow
JimmyAnderson

91 Posts.

24

02/09/21

17:58

Post #: 55789640
Share

Originally posted by Avenarius: ↑

Interesting, A lot of people have been complaining about SLR management ignoring Shareholders. Maybe that is precisely what they are doing.
76% owned I think by the likes of HSBC, JP Morgan, Citibank, Correct me if I'm wrong. These banks have been convicted in America for manipulating the price of Gold. In JP Morgans case they have been fined Billions.
I wonder if Mr Tonkin has been told by his majority Shareholders to keep a very low profile including not going to the Diggers and Dealers, not releasing drill results, not buy backs, while these banks try to cover their shorts on the Comex , which must be urgent now when London becomes Basel 3 complient.
The shorters on SLR are having a ball, let the price go up to $1.41, borrow a few million shares, push down the SLR price to $1.31, then buy at that price and make 10 cents profit per share, definitively a license to print money.
What annoys me is that they do this from our shares that get borrowed without our permission

Expand

I don't believe the shares are actually owned by HSBC, JPM or Citibank - they are custodians.

I know my shares are held via Citibank.

A small percentage of SLR is shorted - it may even include my shares. This does not worry me as I am an investor, not a trader. If shorting lowers the share price below what you think it is actually worth surely this is an opportunity for you to buy cheap shares?

SLR Price at posting: $1.37 Sentiment: Hold Disclosure: Held
2 Upvote

2 Great analysis

Reply

Top Stories

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

There are more pages in this discussion • 42 more messages in this thread...

First 12 Last

Add SLR (ASX) to my watchlist

Communication Breakdown, page-12

Top Stories

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nine's staff strike as Paris Olympic coverage begins

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Featured News