SLR appears to be holding above the lows, after the previous revised offer. My take is a further counter offer, was partially priced in. So the market perceives the counter offer as a negative, but nil further dilution as a positive.
The fact that the normally conservative SLR management, has upper the cash component, is indicative of continued strong cash-flow.
If SLR really wants to put pressure on the SBM board. They need to support/ boost the share price. If SLR are on target to achieve the lower end of guidance (given they are halfway through the quarter), with say 80K oz Au production this quarter. They should put out a release to this effect, also stating an estimate of free cash-flow from operations for this quarter.
SLR appears to be holding above the lows, after the previous...
Add SLR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.41 |
Change
-0.020(1.40%) |
Mkt cap ! $1.313B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.43 | $1.40 | $4.033M | 2.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 56277 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 11390 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.41 |
Change
-0.020 ( 1.36 %) |
||||
| Open | High | Low | Volume | ||
| $1.42 | $1.43 | $1.40 | 958941 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SLR (ASX) Chart |