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$1.57 silver lake resources limited

Beware of window dressing, page-5

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GoldenBoys

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122

20/10/20

23:45

Post #: 48251166
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Originally posted by Samscout: ↑

It’s not window dressing - the asset is written back because of the increased confidence that the company will recoup prior year losses - $252 million in operating cashflow is not window dressing.

It’s accounting principles that dictate the write back.

The fact that SLR doesn’t have to pay tax for the next $400 million in profits means they are going to race to over half a billion in cash within the next two years which is going to lay the platform for SLR to become a top 100 company and a $5 dollar share price.

In 12 months all of the lower hedging will have rolled off and SLR will be earning over $30 million extra in revenue at current prices at no extra cost.

Even without an acquisition organic growth should see SLR crack 300,000 ounces in the next financial year with the mill upgrade and revised mining plan.

Gold is over $2,700 as I speak so good times ahead.

GLTA/IMHO

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Just ignore this stupid thread .

TT

SLR Price at posting: $2.31 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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