Ann: Quarterly Activities Report, page-4

An interesting report.
I can understand the small cash build, as Deflector upgrade and Roth spend takes out almost $20m.
The Q explains that grades will increase in the 2nd half for Mt Mong, though clearly the AISC is high....
Deflector is going to be the one to watch going forward, with the upgrade. Has SLR provided a clear set of numbers for what the upgrade is going to achieve?

If you include the investments, payments to come and cash/bullion. They are sitting on close to $350m.
I can understand that management might not want to buy any other assets for what they view as high prices, but... then why not just pay a special dividend? At some stage, all that cash has to go somewhere, as it sure as hell is not making any interest

Good luck to all holders.