This should be quite easy to explain. My comments were of a more general nature about the last couple of years where SLR has pulled through a difficult period.
Your comment seems to infer that I have stated something contrary to the facts, however, here are the reported cash and bullion numbers in various reports (by SLR):
Jun 2014 - $34 million
Jun 2015 - $36.7 million
Sept 2015 - $36.4 million
Dec 2015 - $40.3 million
Mar 2016 - $42.4 million
Jun 2016 - $42.5 million
This would appear to be an increasing trend/ growing cash pile?
I would also say this has been done with the additional costs of trying to start new pits and increase the exploration drilling to increase the resources and future production ounces. I am personally pleased with how they have navigated this tough period but I am no financial analyst so prefer not to go through all the facts and make projections.
SLR Price at posting:
66.0¢ Sentiment: Hold Disclosure: Held
