Market loves it, up 16%, and likely another 10%+ tmrw as well.
The backing of CBA as a lender or cash provider/shareholder is a strong sign that it has insto support and large bank support, CBA is notoriously difficult to get loans from or to hand cash out...must be a great deal and they believe in the company very strongly, they can hand out more cash in future, sign that they will support the stock.
SLR is low debt high income low cash cost gold miner, Gold will rebound in 2015 on the back of higher global inflation, maybe not right now but SLR is a trading stock and the trading momentum is UP right now. 16% a day is fabulous for the short trader.
I bought in at 21c picking a bottom but was out by 2 weeks. Still when SLR moves it moves sharply That 33c to 60c retracement this year proves its a short trading stock.
I say another rebound story, hey it was 25c only 4 weeks ago. It looks like its a retracement.
