Ann: Response to ASX Aware Query, page-24

Over 61M shares traded since Monday, there is more at play here than a good announcement and all three factors are contributing:
- VanEck weighting (began Monday over 13M shares and still accumulating Friday)
- Positive announcement
- Gold Price (increasing all week and currently over AUD2000) fund managers must be buying

What happens when VanEck stops accumulating (at the close Friday?), SP has run hard in a week over 30 cents. How far does it pullback in the short term?

Longer term if the gold price holds SLR looking good, the last announcement may not confirm a material discovery but with more drilling and analysis there is a good chance it may be the case.
Plenty of organic growth, further drill results from Deflector should be due there hasn't been an update for a while. Deflector is a cash cow ASIC was lowering to $1100 & not all ounces hedged. And Copper price is rising.

SLR should have $150M cash or so by end of June. An interesting quarterly report coming up.
Personally I'm not for a divvy better to put the cash to good use and increase the SP by another 3o -50% unless SLR can do both but it would need a major discovery, who knows not totally impossible.