bought parcel 69 at last fall sold at 81 and then bought back in at 85 meaning cost of initial parcel was about 74
why didnt i sit back for price to fall before buying back in .
simple reason is i dont want to miss out on this one when it takes off and was glad i got back in at 85
well maybe gold will fall further ..well if it does it almost certain to mean us dollar has gone up so aussie dollar is huge factor .currently $1402 au per ounce
remember also that slr makes about 40 million dollars at $1300 au per ounce
at current price of gold they could easliy pay a 5 cent a share dividend with cash left over for exploration which would value shares around 2 dollars assuming production of 200000 ounces
and if gold goes up then sentiment will always drive price of share up
either way i think this share will fly and once you miss out my experience tells me you dont get back in .
SLR Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held