Yes I have Joel as I've been buying GMD on dips. Back the jockey every time.
When Steven Dean sold Atlantic to SBM for $C2.90/share cash, the leftover assets were spun out into a separate company and given to Atlantic shareholders (5c/share prospectus value), which are now $C7.90 (Artemis Gold). Wherever Steven Dean goes next, the big money will surely follow.
Unfortunately for SLR shareholders, the board has proven itself incapable of leveraging its balance sheet to acquire assets in a depressed market. What could Steven Dean, or indeed RF, have achieved during the last several years with hundreds of millions of dollars? What is Silver Lake's collective mining assets valued on an EV basis?
I agree with you, I can see the joint market cap of these 3 companies doubling in time ($8b).
SLR Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
