Pretty awful report by Peirpoint on SLR on pg 40 of the AFR at the Diggers & dealers. Basically says that a complete fraud of a spriucker called "Leo" recommended it and that this "surprised" him. Sounds a bit like backhanded endorsement of the company but then goes on to implicitly bag them by quoting the dubious source that was recommending them. Ends up by pointing out the Les Davies had the "deathbed" shift at D&D (i.e the at presentation) and that when LD said 79,000 holes had been drilled at Mt Monger which could hardly be described as under explored but as these holes were not greater than 50 meters thus exploration was likely to be expensive. Final recommendation was to throw his 15,000 shares (@ 70c) in the bottom draw and "wait a decade or two".
SLR Price at posting:
51.0¢ Sentiment: Hold Disclosure: Held
