If $AUD pog continues at this rate it will be closer to $3,700 -...

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BullishBearish

1,821 Posts.

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11/04/24

13:27

Post #: 73296261
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Originally posted by Joelstar: ↑

Remove me from the support column, definitely against the merger now.

Gold price movement (5/2 - 11/4) $458 * Ounces Hedged 256439 = $117,449,062
Hedge Liability has increased by 117.5 m since 5th of Feb.

RED net liquid position improved by 7.1m

SLR
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SLR Net liquid position improved by 88m.

Hedge position liability increased by ($458 * 110,000) = $50,380,000

Mt Monger Stockpile 80,000 ounces * $458 = Net realisable Value of Mt Monger stockpile increased by $36,640,000

Deflector Stockpile 40,000 ounces * $458 = Net realisable Value of Mt Monger stockpile increased by $18,320,000

SLR Total Stockpile Value Increased by = $54,960,000
Total Hedge Value adjustment between RED and SLR = $67,069,062
Net Cash and Equivalent adjustment = $80,900,000

Total liquid asset value adjustment between RED and SLR (5th Feb to 11 April) = $202,929,062

SLR current EV (When including investments) = MC (1,240,000,000 - 508,000,000) = 732,000,000
RED current EV = MC (1,420,000,000 + 42,000,000) = 1,462,000,000

DYOR
GLTAH

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If $AUD pog continues at this rate it will be closer to $3,700 - $3,800 by the time scheme meeting rolls around. Circa 230 million dollars equiv to $0.247c/share will be spent on forward sales instead of returning capital to SLR shareholders or reinvested back into the business on existing assets or bolt on acquisition.

Last edited by BullishBearish: 11/04/24

SLR Price at posting: $1.34 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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