It seems that SLR is going "insubstantial" ?
- current MC = A$883m (which includes A$300cash + A$400m of accumulated tax losses) & no debt.
Net of cash SLR's MC = A$583M ??
RED current MC = A$605m (+ A$150m debt).
So, whats the market saying about SLR's growth ? Its high costs and relatively short mine life a big big problem ?
With no prospects of dividends nor real growth, this stock is only for day traders IMHO.
Meanwhile SBM creates a new 5 yr low ... whats the market really saying about SBM, other than its a great tax loss company ?
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