The QR is important because if the whole gig is cashflow negative, than we could face a steep share price drop.
Mgt seem smart enough to sell/ lease assets recently - but they need to savagely cut costs. Just under 9m of admin costs in a one mine 170m capex company is pretty high.
cash position on 30 June was just under 5 cents per share.
IMO SLR seem to be under NTA and to maximise shareholder value management should sell the assets and return the money to shareholders - or look around for someone to takeover SLR.
SLR Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
