MIStragic, I totally agree with what you are saying about the cash stockpile. It's like we are invested in two things- one is a gold miner and another is a bank account earning 1-2%. Its well time that SLR took some action here.
Putting this to one side I think it was a pretty solid quarters result. They didn't really kick goals like in the last 2 quarters but things are certainly setup well for the rest of the year. If they achieve production as forecast for FY 19 there will be $40-50 m added to their cash stockpile by June 2019. Add in some positive exploration results, high price of gold in AUD and things look very positive indeed.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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