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.
SLR Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held