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$1.57 silver lake resources limited

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MarketMad

137 Posts.

04/02/15

20:38

Post #: 14699371
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Originally posted by Joolakker ↑

Unfortunately it's becoming very clear that the market doesn't trust current management. The GP in AUD has hit $1,670 for the first time in over 2 years and SLR goes down 4%. This just confirms to me the pattern from the last few weeks. Will need an amazing Qtr to instill some confidence and I just don't see current management being up to the task.

Last qtr's AISC was artificially high due to various factors and with current gold prices it should make a decent profit. Considering it has no debt, this share should be in the mid 30's, but it's not and that's due to current management.

I was hoping to get back in, but just can't see any good reason to do so. Hope I'm completely wrong and this goes back to the high 30's or 40's, but I just don't see it happening in the next few months.

So good luck to all holders.

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I'm in for the long haul at 21c which is a screaming no brainer LT buy in my opinion. When gold soars to new heights to account for global money supply miners like SLR will be at $5 and higher. No point in owning gold itself as the miners provide the leveraged returns

SLR Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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