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SLR silver lake resources limited

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Its a buy, page-127

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3,586 Posts.

1692

12/02/21

14:59

Post #: 50937149
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Originally posted by goldbear77 ↑

@tobiasroy

when you have a 'c' elliot wave its an exhaustion of downward momentum - long bleed down and seemingly no strength in buying support

sometimes you even get a triple bottom - ie hitting about the same lowest price 3 times over a few weeks

the lowest I see it going technically is 1.31 or so... but I suspect the recent low is probably the low for the reasons ive already said

i suspect a degree of the deep bleed on SLR is that combination of high opex and too much cash

but those are really problems of a quarter or 2 not 12 month

these are the times to be getting very long - so long as you feel the next wave in gold producers is an upwave

but only you can decide that last one for yourself

the simpler way to say it is - higher the chart went prior, deeper the c wave will be. SLR want super high - indeed all ASX goldies did pretty much but even among that group SLR was a standout

this is the price paid for that

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Can someone please explain why has the AISC increased so much? $1600 is pretty pushing it IMO.

SLR Price at posting: $1.53 Sentiment: Buy Disclosure: Held
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Its a buy, page-127

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