Exactly my reasoning fwp...hopeful buyers dreaming of a T/O.
There's no hidden treasure trove at Mt Monger or Aldiss, reserves are well-documented and the only thing which MIGHT precipitate a T/O is the company's poor track record. To be fair though, it's worth bearing in mind that SLR has only been in existence since 2007 but got carried away with success and tried to get too big, too soon. Look at Murchison for gold and credits and Hollandaire for copper, silver, gold and credits...all uneconomic fizzers and a waste of s/h monies.
Should have stuck with MM et al.
20/20 hindsight's easy I know and all just IMO.
SLR Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held