This may not be a mystery to such a bright spark like your self, but for the more dimwitted among us such as myself there is a bit of mystery.
I have long done modelling on SLR testing a range of assumptions and this outcome does not come about without a huge drop or expected drop in the price of gold - where we would see similar or proportionate falls across the sector and we are not - or a significant diminishing of SLRs prospects.
I re-read the quarterly again yesterday, and if things are on the level then this fall is not justified because of SLR's prospects.
So I believe there is a bit of a mystery - either we are not receiving an honest account of SLR's prospects (I don't think so, but will not dismiss the possibility) or for some reason (which remains a mystery to me) the markets animal spirits have been hopped up into overdrive on SLR.
Care to explain how it is so clear to you?
SLR Price at posting:
$1.01 Sentiment: None Disclosure: Held
