Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-136

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Kotaredrew

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07/02/24

20:27

Post #: 72292214
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Originally posted by melburnian: ↑

Article from 2020:

Unlike multiple others in the ASX gold space, dividends have not been paid to Silver Lake's owners.

No large capital projects appear to be on the drawing board.

That leaves M&A action an obvious possibility.

Standard business practice would suggest at some point a lazy balance sheet should be put to work.

Or some other capital management initiative unveiled.

Can Tonkin cut a deal with the owner of a quality asset that would be transformational for Silver Lake?

So Tonkin has some form on the M&A front, and the deals done in 2019 did ‘transform' Silver Lake from a one operation company.

But what about a next generation transformational acquisition, one to take Silver Lake up towards or beyond the half-a-million ounce per annum production mark?

And one that drives down overall costs 20-30% and closer to the $1000 per ounce mark that would better future-proof the company in the case of a lower gold price environment.

In keeping with his apparent autocratic nature, Tonkin didn't bother responding to MNN's interview request.

https://www.miningnews.net/ceo-of-the-year/news/1391311/mnn-awards-future-direction-query-tonkin-drives-silver-lake-cash-highway

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Doubt any miners in Countries like Australia, etc, would get anywhere near $1000 per ounce in this day and age. Pipe dreams- costs & wages put an end to those figures!

SLR Price at posting: $1.13 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-136

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Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

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Patagonia looks to raise $2.15M for South American exploration and development

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