Worzel that's a good pickup and that's why I said that I think one of the big insto's is selling. It could well be someone who has had enough, along with the rest of us. But, these times are sometimes the worst to sell.
I can tell you I have been following SLR for most of this year, not very successfully... I sold all my shares at 38c last time... and re-bought my first parcel at 71.5c. Fool me once... I am making up for that now. I am averaging down despite the fear. I think the difference in volume between today and yesterday is interesting, someone really wanted out.
Just a question, if everything is fine and SLR is operating at $16-20mil profit a quarter, what price would you expect it to trade at? (my math is 4 times the current SP in a sustained gold price environment) And what if SLR produced 25% less than expected for this quarter alone (6.25% less annually), like RRL, what price would you expect it to trade at?
SLR Price at posting:
35.5¢ Sentiment: LT Buy Disclosure: Held
