Ann: December 2014 Quarterly Report, page-36

http://www.eurekareport.com.au/broker-alerts/2123?page=2
Macquarie upgrades SLR to Neutral from Underperform

Wednesday, January 28, 2015 - 16:12

Silver Lake's Dec Q production came in ahead of forecasts due to higher grades, but costs have blown out significantly, the broker notes, for various reasons. Deferring capex on Daisy and Cock-Eyed Bob will at least provide some cost relief.

Silver Lake nevertheless needs a mine plan incorporating higher grade open pit feed, the broker suggests. Target price falls to 23c from 30c but on yesterday's 20% share price plunge, the broker upgrades to Neutral.

Target price is $0.23 Current Price is $0.23 Difference: $0

If SLR meets the Macquarie target it will return approximately 0% (excluding dividends, fees and charges).

The company's fiscal year ends in June. Macquarie forecasts a full year FY15 dividend of 0.00 cents and EPS of minus 0.90 cents.

At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 25.56.

FN Arena