Despite appearing to make acquisition mistakes and failing to adequately reduce AISC across acquired operations, Silver Lake did make a few good recent decisions:
- Placing Murchison on care and maintenance
- Hedging 50,000 ounces of gold at $A 1536
- Placement at 60 cents per share
At 41 cents per share, Silver Lake is looking very cheap.
Please supplement with your own research.
what is there to like?, page-25
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