I agree. SLR has been misleading investors now for a long time. Every time they show promising budgets, only to disappoint when the actual numbers come out. They have never posted a profit! Although very stupid, I can forgive the takeover/merger as it got approved by most shareholders. But time after time they were losing money, needed more and more cash (CR's) which came as a surprise to most investors since their budgets were oh so optimistic!
And here we are again. AISC rising now >A$1400 it is a miracle SLR isn't bust yet.
So unless Gold shoots up towards the $2,000 area, SLR will never make a decent profit to benefit shareholders. And if/when that happens there won't be any gold to mine left I guess...
So just and only trade this stock, or hold on to it and pray for the Chinese to buy this struggling miner and take all the gold home.
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I agree. SLR has been misleading investors now for a long time....
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