Agreed re: cash being great to have in downturn, especially regarding acquiring juniors. I tend to position for the long-term, so would rather have bargains (low share price) rather than buy backs, to try to bolster share price.
Share price has halved, but SLRs enterprise value must be down 60-65%. My only caveat is gold price, but happy to be long SLR/ gold stocks/ precious metals spot contracts.
I have been long crypto currencies for a few years (have sold 90% of position with recent price surge), and movement of tech companies to allocate funds to bitcoin, has cast a definite pall over gold at present. But, the mood can change within a week. So I'm happy to hold and accumulate, with some trading around core positions.
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