Will be in great position in the next FY given forward hedging concluding. POG in AUD terms now almost certain to head back to historic highs imo so SLR will be in great position to take advantage.
No mention of what is planned for all that cash in the bank except “to fund future growth.”
Maybe waiting for SP to head back over $2 and closer to $2.5 before offering shares for a takeover?
Can easily see this getting to $3 within 12 months.
All my opinion
SLR Price at posting:
$1.77 Sentiment: Buy Disclosure: Held
