One possible strategy emerges on looking at what has occurred is that SLR are drilling out and exploring Sugar Zone with the possible intention to make it a much more attractive proposition for a potential North American buyer. Perhaps these funds would then be utilized to attempt take control of Red 5 provided that Mr Smorgon with a 10% holding can be brought on board. The amalgamated Companies may then be able to form an alliance with GMD to become a 500K producer. All rather pie in the sky, but then again it is WA !!
SLR Price at posting:
$1.16 Sentiment: Buy Disclosure: Held
