Ann: Quarterly Activities Report, page-10

"plus ça change, plus c'est la même chose"

Just the you thought you could have a sleep without an SLR nightmare ..... SLR once gain goes counter trend to the gold price.

Today the POG is up to near all time highs, the US$ POG is looking likely test $1250-60 key resistance .... but SLRRRR is down 10% from recent highs and true believers would have you believe that huge value just got better .... is like the devoted mother who observed "my Johny was the only one in step" ... subjective bias.

 Its ironic that the very same resources & reserves in a bigger portfolio of assets would be worth x2-3 by conservative analysis ??

Why - because it completely de-risks the SLR operation as its performance is buffered by the other assets in the portfolio.

A bad breakdown .... no worry, the rest of our portfolio is doing great ... the upside is somewhat diluted, but not as much.

Why - because conservative investors (institutions) need to balance risk against reward .... a 50% loss can only be neutralised by a subsequent 100% gain - the former is much more likely than the latter.

Cool Hand is trying to de-risk SLRRRRR for the staff ... and he's done this in large measure ... mine life (well paid jobs) near 10 years+ ? "plus ça change, plus c'est la même chose"

But are SLRRRRR shareholders going to in any way be compensated for their holding costs (such as loss of income & opportunity costs) or get capital gain ..... can't see it. Cool Hand is intent on delaying dividends for the foreseeable future, has no expansion plans ..... only discovering Lasseters lost reef or oil on SLR ground would achieve some shareholder relief .... and thats only after richly rewarding the inner circle for having to put up with incessant shareholder demands. 

Hartley's have SLRRRRR as a 'Buy' NST & SAR as 'neutral' (polite speak for overvalued) and DCN as a 'Sell' ... hmmm 

I don't have access to their research, and of course SLRRRR makes no attempt to promote itself by putting on its websites analyst valuations.

Perhaps the word has leaked out that SLRRR is going to do a CR to fund GOK ?

Still not happy Jan .... send them a message .... no STI / LTI that are not linked to SP appreciation. Anyone who needs to be incentivised to do the job that they were hired to do, and are being well paid for, should be treated as a 'bad apple' and removed form the work force. 

PS for those who watched the recent program outlining the extensive case against Trump, and the likelihood of him being impeached if the Republicans lose the house in the midterms, resulting in a further crack in the 'everything bubble' , which if a slow burn, will ignite the POG, and certain gold stocks will see new all time highs BUT, will SLRRRRR .... unlikely while still determinably a low cap stock !