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$1.57 silver lake resources limited

SLR Chart, page-491

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timbuckley

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27/04/20

19:14

Post #: 44286146
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Originally posted by timbuckley: ↑

Yeah looks like the dip only went to $1.92
I sold 25% of my holdings today just to give myself a bit of flexibility. If there is any st weakness in the price i can take advantage and still capture 75% of the upside. CBA just cut its divvie to 1/3 so i guess the dip in price doesnt make up for the massive div everyone thought they were gonna get at $58 a share. Lots of people will start looking at stocks that might rise thru all of this as reality sets in as investors start to see their div income streams evaporate. I would expect gold producers to rally more as $$$ is pumped into the sector by investors that have missed the boat watched their blue chip stocks halve while gold stocks continue to rise. Watch for prices to run higher than they should as people rush into these stocks?

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Sorry, NAB not CBA. I misheard the radio today.
Ave POG for 1st 4 weeks of this qtr is $2640AUD/oz. If this ave holds, SLR will report 10% higher POG compared to last qtr. Looks very positive.
Wonder if Macquarie will raise their forecast before next qtrly

SLR Price at posting: $2.05 Sentiment: Hold Disclosure: Held
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