nk, I have said often enough, including in the last couple of days;
SLR is still my number 1 pick for an Australian producer.
Voicing my opinion on the price paid did not change my LT buy sentiment and I made that clear enough I think.
This morning I decided I have looked into it enough (before the merger I didn’t follow IGR) and the sp seems to have settled down, so I have bought back in at 2.63 and 2.64.
I still think the upside may have been reduced on available info because of the price paid but its still attractive enough and I think management know enough that they are not telling us until the deal is completed which may provide us with a positive surprise.
So I am back in for now.
I am still likely to keep trading because that works better for me with this one than holding, but I do see it as a good long term investment.
I see around 50% upside over the next 6-12 months with potential for positive surprises and POG upside to potentially push it higher.
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