From the numerous ASX announcements it looks like SLR Management have been investing hundreds of thousands of dollars in SLR. Eg. an ASX announcement today from Brian Kennedy indicating that 200,000 SLR were purchased on market.
Why wouldn't they?
Let's not forget that SLR indicated they would be doing very nicely at AUD$1300 with plenty of free cash flow after ALL costs each month.
Gold is NOT AUD$1300. Gold is currently AUD$1427.
That means an EXTRA AUD$127 an ounce in free cash flow.
Management of course know exactly how the company is travelling and putting it very simply, the SLR market cap, which now includes IGR, is currently lower than just the market cap of IGR before SLR took it over!!
Talk about a screaming bargain on the ASX imo!!
director buying, page-39
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