This, seriously, is the first bad press I have read regarding...

This, seriously, is the first bad press I have read regarding SLR, and the integration of Integra Mining into Silver Lakes!

It also goes against everything that SLR have released, and certainly flies in the face of the presentation Les Davis released recently.

Quite frankly, I can't take the snippet: "During this period, its cash balance has reduced dramatically and outstanding bills have more than doubled. It looks like it has bitten off a bit more than it can chew..." too seriously.

SLR are saving over 30 to 40 million dollars per year in costs after amalgamation and merger synergies. And those savings are recurring every year!

The synergy savings include:
..Reduction in corporate overheads
..Reduction in site overheads
..Operational efficiency
..Shared infrastructure
..Tenement expenditure
..Common contractors