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$1.57 silver lake resources limited

Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-207

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deserthead

923 Posts.

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16/02/24

17:36

Post #: 72450097
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Originally posted by ML111: ↑

both coy's are of significant size to achieve solid results WITHOUT the merger. The failure to do so is a POOR reflection on both coy's current mgmnt & board for not achieving this. The merger has huge problems. If any benefits are achieved it is only by adopting huge risk. AISC of both coy's are far too high & only shows poor planning. Gold price has increased 50% in recent years yet AISC has doubled. Gold coy's should be raking in the cash but instead they are throwing money into unnecessary exploration at a time of huge input costs & shortages.

Gold coy's should be milking every mine they own & pay solid dividends & wait for costs to come down rather than waste money sourcing labour, machinery & materials at a time of shortages. I've been thru his cycle too many times to only see good coy's decimated & shareholders left with nothing but regret.

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"Gold price has increased 50% in recent years yet AISC has doubled"
- Largely out of their control

"wait for costs to come down "
- They'll be waiting a very very very long time

"unnecessary exploration"
- One of the dumbest comments I've ever read on here

SLR Price at posting: $1.03 Sentiment: Hold Disclosure: Held
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