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$1.57 silver lake resources limited

Ann: Director Resignation, page-19

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SIJoe

3,890 Posts.

143

31/07/19

12:38

Post #: 39783354
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Originally posted by brewhaha: ↑

- undo the Andy well cost saving measures introduced in 2016 and then shut it down 6 months later
- try and sell it and Gnaweeda three times unsuccessfully and then give them away for free to SLR
- “slash debt” by $18M In 2018 - after raising $25M from shareholders at 28c

as for “project 1-5-1” at Deflector:
- 100kozpa production - not achieved
- 5 year mine life - not achieved
- AISC <$1000/oz - not achieved
thats 0/3!

- Market cap in late 2016: $186M with share price of $0.60
- Market cap prior to “merger”: $154M with share price of $0.345 (after raising $25M)
- If you take away the cash, (5.6cps), the share price was less than half of what it was 2 years before.
- Even after running up with the SLR price, the price on the last day of trading was still less than it was 2 years before.

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Maybe it's LJ selling today. Whoever it is, thanks, I picked up a few more at 1.24c. Happy to hold and add.

SLR Price at posting: $1.29 Sentiment: Buy Disclosure: Held
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