Yes SLR is in better shape than before, although not really much has changed except they now finally are more honest about things, instead of Sir Les who for the past 2 years has just been telling lies.
All really just depends on the POG now. The Low was 0.32 (I guess when POG touched 1180) but back then the AUD was a bit stronger. Now production output (forecast) has been reduced to 130k ounces or so.
My best guess is POG might touch 1180 again (3rd time) to put a final solid bottom in place. So short term SLR may see 0.35 again. But hey POG will bounce back and SLR will bounce with it. It certainly doesn't feel like catching a falling knife any longer, although we do need NEW buyers, so far all has been depending on VanEck (buying).
SLR Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
