Same old same old, AISC too high and minuscule profits. AISC for all of 2018 is averaged at $1350 p/oz which is far too high and a slump in the POG will send this stock to plum the depths of penny dreadfuls. $55m in reserve won't last long if they have an adverse event. They need to get AISC down quickly or increase production dramatically. Remuneration of senior management is totally out of kilter with profitability. Why large holders are supporting the current board is anyones guess, but if profitability doesn't improve, perhaps they might also get tired of waiting, and dump Kennedy and Davies. They carry too much baggage for my liking and have not done anything to restore my confidence in their ability.
SLR Price at posting:
36.8¢ Sentiment: None Disclosure: Held
