Well I hope everyone topped up when they went below 90 cents!
I am wondering what their next play will be ?
Could they sell Sugar Loaf ? And buy more RED ?
Could there be a suitor in the winds for SLR ? I am maintaining my "buy" for now, a buy out now, would need to be around $1.40 a share.
With the gold price pretty dam good for this quarter, do not be surprised to see a repeat of last quarter?
Happy hunting folks!
Last quarter - "Corporate and Finance ▪ Cash and bullion of $332 million at quarter end (which excludes $20.1 million of gold in circuit and concentrate on hand, at net realisable value) reflects anunderlying2$67 million cash generation during the quarter"
To SLR Management, page-113
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