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$1.57 silver lake resources limited

Comparison of RED and SLR - half year results are in, page-44

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Joelstar

4,228 Posts.

2863

28/03/24

11:21

Post #: 73100600
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Originally posted by TazD: ↑

Zooming into the comparison it clearly shows how dudded SLR s/holders are by this deal with a discount to market. Unbelievable that such a deal can be supported by a Board.

PM Gold is doing best since announcement which is contrary to how gold mining company's share prices should normally behave. So the argument for re-rate is also not coming to fruition by the market, ie. the market does not like this deal.

Then there's the RED hedge which continues to deteriorate - Spot gold is now over 3350 AUD/oz

This scheme is dead in the water and I would like to see the SLR Board sacked for deliquent negligence.

Note our share price is still lower than pre-scheme announcement despite the gold prices ripping higher.

I've changed my sentiment from none to BUY as I think there is actually a good business in SLR that is undervalued in an undervalued sector in a safe jurisdiction with plenty of cash and no debt. Just need to sort out the rotting fish head.

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The level of arrogance from the SLR board is off the charts.
Luke Tonkin comes across an old school, elitist POS.

SLR Price at posting: $1.21 Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

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