Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

30 Pages (Click to Jump) V  < 1 2 3 4 5 6 > »    
 
  
Reply to this topic

SLR, SILVER LAKE RESOURCES LIMITED
denpal
post Posted: May 20 2016, 03:57 PM
  Quote Post


Posts: 1,154
Thanks: 128


Looks like we are heading for a decent correction in the PM sector even though it may not last long, ie 4-6 weeks. Hopefully I can buy in again in the low 40's.


Said 'Thanks' for this post: triage  
 
denpal
post Posted: May 16 2016, 07:55 PM
  Quote Post


Posts: 1,154
Thanks: 128


Huge today today, have now sold out at 55c and will keep an eye on what happens. Could go either way depending on the gold price and USD/AUD. It certainly looks stretched above the 200dema. At this stage I'm more interested in capital preservation than some further gains.
Attached thumbnail(s)
Attached Image


 


 
denpal
post Posted: May 13 2016, 06:51 PM
  Quote Post


Posts: 1,154
Thanks: 128


In Reply To: triage's post @ May 13 2016, 05:40 PM

I agree, IGR was a great company in its own right. Murchison was a disaster for SLR, the worst timing possible to be commissioning a high-cost low-grade mine.

I wonder though, would someone like a cashed-up NST swoop on it.

 
triage
post Posted: May 13 2016, 05:40 PM
  Quote Post


Posts: 3,702
Thanks: 1476


In Reply To: denpal's post @ May 13 2016, 04:28 PM

denpal

My impression is that about the only reason Silver Lake got through the bad times was the assets it picked up when it took over Integra. I always thought it a real shame that the Integra team were so conservative as they had a crackerjack operation, whereas the old SLR bosses had large gonads but not the assets (or am I distorting history there?).

Wonder what Chris Cairns is up to. Last time I heard he was back kicking rocks, this time in western Victoria, but I'm not sure he survived the gold crash.



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
denpal
post Posted: May 13 2016, 04:28 PM
  Quote Post


Posts: 1,154
Thanks: 128


What a week!! Hard to credit the re-rate that has occurred here in such a short time. I hold these.
Attached thumbnail(s)
Attached Image


 



Said 'Thanks' for this post: jeeves  
 
denpal
post Posted: May 6 2016, 03:37 PM
  Quote Post


Posts: 1,154
Thanks: 128


Still being re-rated, it's doing well. Up 150% this year compared to up 56% for the ASX Gold sector XGD.
Attached thumbnail(s)
Attached Image



 


 


denpal
post Posted: Feb 20 2016, 10:03 AM
  Quote Post


Posts: 1,154
Thanks: 128


Clearly in the process of being re-rated due to rising margins. The share price has about doubled in the last two months, whereas the ASX All Ords Gold sector XGD has increased 33%.

Volume has been rising steadily for the last month now.

POG in AUD is very healthy now at over $A1700/oz with big margins given AISC of $A1,250/oz. That is a 36% margin or $A450/oz.

I hold these.
Attached thumbnail(s)
Attached Image


 



Said 'Thanks' for this post: triage  
 
denpal
post Posted: Feb 11 2016, 03:25 PM
  Quote Post


Posts: 1,154
Thanks: 128


That looks better. Finally a bit of volume and pushed through 25-26c.

As a marginal producer the leverage is great here on rising POG so long as management doesn't do anything dumb.
Attached thumbnail(s)
Attached Image


 


 
GarryW
post Posted: Oct 15 2015, 07:53 AM
  Quote Post


Posts: 241
Thanks: 25


In Reply To: denpal's post @ Oct 14 2015, 03:23 PM

been a long couple of years with a big red that was not worth selling - topped up on Monday and again Tuesday - still have a long way to go and will be watching like a hawk for any weakness in Gold - things certainly looking positive for AU though



--------------------
"Go ye therefore into yon wilderness, and seek out that Golden rock, upon which all nations are built"
 
denpal
post Posted: Oct 14 2015, 03:23 PM
  Quote Post


Posts: 1,154
Thanks: 128


Finally come awake the last 6 weeks up 23% today. First week over the 200dma for more than 2 years.
Attached thumbnail(s)
Attached Image


 


 
 


30 Pages (Click to Jump) V  < 1 2 3 4 5 6 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING