Australia's largest stock trading and investment forum Australia's #1 stock forum

SLR

0.00%

$1.57 silver lake resources limited

lets hope those drill results bring in some fresh buyers becasue...

First 12 Last

Share
Profile

Follow
matty999

1,299 Posts.

42

27/08/14

14:30

Post #: 13881136
Share

Originally posted by chicklittle ↑

Just guessing but after mgt realising the Murchison bungle and coming clean, implementing cost saving measures plus other fine tuning and generally getting their act together, surely all the negativity has been factored into the sp by now?

Mt Monger made $58M EBITDA and will only get better due to slightly higher grades, Lakewood being placed on CM will reduce ozs produced but the economic savings by doing that in the scheme of things will help reduce the overall cost per oz to the company. However, there will most likely be the sweetner of either through- tolling Lakewood, divesting it or bringing it back online if the POG moves up.

Barring any disastrous ann coming out of left field and gold getting smashed, I think the market will view even a mediocre yearly as favourable given the changes mgt have put in place to shore up past mistakes and have the co. running leaner.

There's massive exploration potential with the latest round of drilling results due out in August (so they said...won't be till Sept IMO) and if they can stay focused instead getting carried away and stop trying to walk b4 crawling, IMO we've got a future.

Been wrong b4 though so don't take it as gospel.

Expand

lets hope those drill results bring in some fresh buyers becasue atm the volume is scary! were are all the players?

SLR Price at posting: 43.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched and most discussed stocks this week

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Trump is President Again: What Does This Mean for Crypto?

IMU

Imugene kicks off Australian trial for blood cancer treatment

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor