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.
- Forums
- ASX - By Stock
- SLR
- Ann: Appendix 4D and Interim Financial Report
Ann: Appendix 4D and Interim Financial Report, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SLR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online