SLR 4.20% $1.24 silver lake resources limited

SAR is $3.71 from a peak of $4.75, NST is $11.70 from a peak of...

  1. 2,228 Posts.
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    SAR is $3.71 from a peak of $4.75, NST is $11.70 from a peak of $14+, so SLR fall from a peak of $1.50 to $1.10 is of similar magnitude. Cold water has been thrown on the gold fever, as these companies generous valuations are on the basis of exaggerated POG expectations. Moreover, the market seems to be doing its usual trick of chasing the "unlimited potential" offered by green field projects such as WAF which has doubled from a recent nadir, ditto DCN. RED5 SP remains untouched so far from the reality testing going on, as its SP and potential mismatch is still substantial. SAR recent good report was not good enough to save its SP, despite record production and profits and the promise of a dividend next year. Contrast that with SLR anaemic report, which shows production has plateaued and of course no dividend is in sight. If you think the hysteria about the SP is exaggerated now, wait till the SP falls below 100c ..... OMG. If the POG falls then perhaps some will flip and praise the hedging which at the moment appears to be lead in the saddle bags ..... Leigh Junk sold because he realised the SP was over valued ... just a LD did when he dumped at 60c.
    Follow the leaders has always had merit. Never fall in love with a stock. Never be afraid of capital gains tax ....
 
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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
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