Here's how both SLR and RED will look at the end of the current qtr with spot gold between AUD3800-4000.
RED, will still have $100m in debt. Will still be selling gold at likely $1000 under spot, thus struggling to increase cash flow much above $8m SLR will have no debt and >$400m in cash after adding another >$60m in cash flow plus stockpiles (Forget investments)
Tonkin blew it. He should have gone after SPR instead. Dump the RED shares and go after better value.
SLR Price at posting:
$1.31 Sentiment: Hold Disclosure: Held
