More great news from SLR with some awesome grades.
Key questions at he moment in my mind:
- what are SLR going to do with the growing buckets of cash? Dividends, share buyback, accelerated capex or M&A activity are all options. With the great exploration results coming back my preference would be for a buyback/accelerated capex (if workable).
- can we keep the cash coming at the rate of the last quarter? I expect a drop from last quarter simply as it was such an exceptional result but anything over 10 mil should see the SP have continued support.
SLR Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
