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14/05/19
09:48
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Originally posted by cgljacgc
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Fingers crossed. The SP weakness was there for a while before they were turning things around and installing the second processor. It never recovered as Market was looking for a certainty. The last few days was of nearly no volume at all so I wouldn't be too concerned of the selling as no significant investor/s seems to have sold with that negligible volume.
Either way, this could be the make or break of SL1. So, thinking that way I am sure the management would be working their backsides off as they along with Noble would be the biggest losers if things go pear-shaped.
In saying that, why I believe it is the other way round is that they have done all the hard work, learnt from mistakes and they have the material in ground, production set up. So all things seems to have now come into place to turn this around ( hopefully ).
IMO...
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Well the zinc price has lost $300 in the last month which can't be helping, but if the wash plant is going gangbusters then maybe we might be OK. It is rare that a change to the debt position is a positive for the shareholders.