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18:27
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Originally posted by Fishinnick:
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Depends on the reserve growth rate, it hasn't got oodles of cash for a growing gold share, mining is expensive and there could be good value targets worth looking at, it's too early to put the fundies on the payroll imo, SH long term interests should be put first, the fundies can make us rich later theres no point giving them a free lunch for a higher SP when we've got rising margins and rising gold prices as this will give us plenty of buyers especially in this geo-political climate, SLR could need more cash for aquisitions and things to keep dilution down and future returns much better. SLR spends it's money well with the people it's got imo.
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At what point do you stop looking at it from that perspective? What's the metric? What's the threshold?
