The report is largely a confirmation of our expectations that the company has emerged from a very difficult position in good shape to grow it's production and reserve ounces.
The hedging is unfortunate but I was very happy with the price they were able to secure at the time. It's knocked a little cream off the top for now but at least the company remained in operation during the lean period with lower risk.
It's difficult to say why this is the best of the bunch but there is good exploration potential and the P/E ratio should still be a little lower than some others. This will need to be confirmed once all the detailed reports are released.
If nothing else, it's good to see the cash pile increasing. The options now available are exciting!
- Forums
- ASX - By Stock
- SLR
- Ann: FY16 Gold Sales and FY17 Guidance-SLR.AX
Ann: FY16 Gold Sales and FY17 Guidance-SLR.AX, page-9
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity