Game on for SL1 - stock swami must be rolling over in his sleep. fortunately his downramping on twitter to save retail investors offers major opportunities for the smart money who will make a fortune due to his downramping. what a no brainer this has been. just sit & wait for the money train to come along and pick us up.
delicious.
this is the start folks.
wait until we see a few positive drill results & a road show. these prices are a joke!
stockswami recently compared this company to the next STL. it's a completely different story. STL books didn't add up and there was absolutely no chance for it to pay off the debt, which at the time of involvency was 50% debt to equity ratio. there were also other things happening which I can't reveal on this forum at risk of being sued. SL1 negotiated a debt extension with Noble who will probably buy more equity after the AGM. furthermore the company has ramped up production and should easily repay its debt based on its current price forecasts and cost estimations.
SL1 management have been terrible at marketing IMO. but you can't fault there honesty. for example, they told the market to ignore the zinc price increase in the qtly and that it was offset by spot treatment charges. if they were savvy marketers, they wouldn't have written this statement.
SL1 management are an honest bunch. That's completely different to certain members of the STL team. again, I can't say anything and am good friends with some of them, who are have plenty of integrity.
SL1 management been busy turning this ship around. yes mistakes - major mistakes - were made in the past . but these are mostly in the past now. zinc grade mix sorted, production ramp up at full capacity, drilling program started and operation progresssing at full speed.
very few negatives at this stage of the game. this is a great time for new investors to get involved for a few months z easy money to be made from these prices - you buying the company less than sophisticated investors in recent raise. the company has turned this ship around and a couple more announcements should indicate this is the case. looking forward to the countless number of drilling announcements due soon...and hopefully starting early next week.
onwards and upwards folks
SL1 Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held