SLR 4.20% $1.24 silver lake resources limited

2015 AGM presentation

  1. 4 Posts.
    thanks Tomboy and NK. In future post can you give your thoughts as to when the lost onces may come back.
    Several years ago I spoke to SL Geo after an announcement that cut substantial onces from both reserve and resource figures. Was told that with low gold price the non viable onces had to be culled.
    Gold price in $A I think is higher now so wondering at what point they will be reassessed.
    Did any one put up a fight over sale of Murchison?
    Will probably get between nothing and impairment value when must have cost approx $200m all inclusive to have what we have there now. Yes will cost around $80m to access the high grades but it's relatively inexpensive to care and maintain until POG goes up.
    We are where we are because Management previously ran the business as if POG would never go down. Not to discredit the efforts and recent decissions of Management but some of the forward planning in "setting a new course" assumes the POG will never go up.
    I would mark Management up if they said it'll cost us $5m to hang onto for the next 4 years, rather than take $10 or $20m now and see POG go to $2000 in next year or so. If we do and gold does we'll be a face in a crowd trying to buy it back, or something like it at multiples the price.
 
watchlist Created with Sketch. Add SLR (ASX) to my watchlist
(20min delay)
Last
$1.24
Change
0.050(4.20%)
Mkt cap ! $1.159B
Open High Low Value Volume
$1.22 $1.24 $1.21 $5.432M 4.426M

Buyers (Bids)

No. Vol. Price($)
1 4028 $1.24
 

Sellers (Offers)

Price($) Vol. No.
$1.24 30853 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$1.24
  Change
0.050 ( 3.36 %)
Open High Low Volume
$1.22 $1.24 $1.21 1124427
Last updated 15.59pm 29/03/2024 ?
SLR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.