SLR 0.00% $1.57 silver lake resources limited

Mgt bungling Murchison is the still the main sticking point with...

  1. 5,618 Posts.
    Mgt bungling Murchison is the still the main sticking point with investors imo. Until they prove that changes made start to bear fruit and CR (maybe I should add AP to that) funds have been put to good use, the sp will continue to languish. Not to say they won't surprise in a good way though. Gold was well up last night so it'll be interesting if SLR can hold 35.5/36 and stem the tide of those always wanting to exit.

    As a footnote, a $10 increase in POG equates to a $2M increase to the bottom line. What it needs is a $100 rise so we'd be looking at an extra $20M margin. Earnings are currently 14c/share so the sp is ludicrous really and I believe that will both EPS and sp will forge ahead in the medium term.
 
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