Slr obviously needs $10m to stay afloat,no other reason they would do such a deal.How sad a former $1.5billion company now hanging by a thread needing $10m to stay afloat.
What will $10m do? Not much only keep them alive a little longer.The only way they survive is to develope more underground mines and that costs a lot more than $10m.
This company is a total and absolute abismal failure if you invest you are a very game person.There maybe some relief if the POG rises a lot in the next few months but this company is fast running out of cash which suggests the AISC of around $1180 is false.
Good luck.
SLR Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held