SLRs last quarterly late January, tightened quidance to the lower end. This led to SLR selling off as gold continued to trend lower.
SLR is in the dog box at the moment, so traders looking to go long gold producers will tend to look past SLR. I expect SLR to have a good quarterly late April. Previous quarterly they sold less gold than they produced, artificially raising AISC, we should get the opposite effect in about 5 weeks.
So in summary, it is all sentiment, rather than fundamentals. SLRs management tend to under promise and over deliver, so I expect a turn around the next 6 months.
SLRs last quarterly late January, tightened quidance to the...
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Last
$1.41 |
Change
-0.020(1.40%) |
Mkt cap ! $1.313B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.43 | $1.40 | $4.033M | 2.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 56277 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 11390 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.41 |
Change
-0.020 ( 1.36 %) |
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| Open | High | Low | Volume | ||
| $1.42 | $1.43 | $1.40 | 958941 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SLR (ASX) Chart |