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SLR, SILVER LAKE RESOURCES LIMITED
blacksheep
post Posted: Nov 27 2019, 12:11 PM
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Macquarie initiates coverage of SLR with outperform rating
QUOTE
Gold miner and explorer Silver Lake Resources has jumped out of the blocks today, helped by a bullish broker note from Macquarie Research.

The investment bank has initiated coverage on the stock with an outperform recommendation and price target of $1.40, significantly higher than its present trading level.

“SLR’s acquisition of the Deflector Gold mine via its merger with Doray Minerals in April 2019 was key to growing SLR’s production and lower group AISC. We expect Deflector to continue its year-on-year production growth trend since first gold in mid-2016 with a modest guidance beat in FY20 after a strong first quarter in FY20,” Macquarie said.

Importantly, we are confident that recent strike extension drilling success will translate to at least another 1.5 years on the more than three-year mine life currently in reserves.

Macquarie anticipates gold sales from Deflector of 92,000 ounces at an all-in sustaining cost (AISC) of $A1,225 per ounce against guidance of 85-90,000 ounces at an AISC of $A1,200-1,250 ounces.

SLR shares have spiked in response to Macquarie initiating coverage of the company, lifting 5.7 per cent to $1.11. The broader All Ords gold index is currently up 1.8 per cent for the session.


Total short positions have been coming down - as at 20/11/19 = 6.06%
https://www.shortman.com.au/stock?q=slr
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 18 2019, 02:26 PM
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In Reply To: mullokintyre's post @ Nov 17 2019, 10:05 AM

Ooops - you're right - wrong Silver Lake. My bad.

https://www.shortman.com.au/stock?q=slr
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mullokintyre
post Posted: Nov 17 2019, 10:05 AM
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In Reply To: blacksheep's post @ Nov 16 2019, 07:28 PM

The Silver Lake reported about in the Article you quoted is not the SLR we all know and love.
The article is about a US private equity firm called Silver Lake. I am not aware of any connection between SLR and the US company Silver Lake Equity partners.

From oberver

QUOTE
TEG, the Australian live entertainment giant and Ticketek owner, has been acquired by Silver Lake, a U.S.-based private equity company which specialises in technology investing.

TEG’s management team, led by its Sydney-based CEO Geoff Jones, will continue to run the business and keep equity in the new ownership structure.


Mick



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sent from my Olivetti Typewriter.
 
blacksheep
post Posted: Nov 16 2019, 07:28 PM
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In Reply To: mullokintyre's post @ Oct 16 2019, 01:12 PM

QUOTE
Not sure why they would pick SLR as a shorting stock , they are producing gold, their forward P/E is under 13, and are expecting production to be in the upper end of guidance.
maybe they know something we don't.


Shorters may have anticipated this - a CR north of $600m (reported in AFR)

QUOTE
Silver Lake's Thunder Finco is seeking to raise north of $600 million and has turned to the US Term Loan B market.

The funding is split into a $US285 million ($416 million) first lien term loan, $US100 million in second lien money and a revolver and capex facility expected to be worth about another $US50 million

https://www.afr.com/street-talk/funding-pit...20191115-p53ays

Another notable short alert on Thursday Total short positions as at 11/11/10 = 6.99%

QUOTE
Thu 14th Nov, 2019 4,215,727 819,800,012 0.51% 70.01%


https://www.shortman.com.au/stock?q=slr
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 6 2019, 01:51 PM
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In Reply To: blacksheep's post @ Oct 30 2019, 08:21 PM

Battle between the longs and shorts continues. Total short positions as at 31/10/19 = 7.15%, with a notable short alert on Monday

QUOTE
Tue 5th Nov, 2019 2,987,153 819,800,012 0.36% 33.28%
Mon 4th Nov, 2019 6,823,949 819,800,012 0.83% 66.50%
Fri 1st Nov, 2019 2,683,471 819,800,012 0.32% 25.23%
Thu 31st Oct, 2019 3,528,387 819,800,012 0.43% 34.50%


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 30 2019, 08:21 PM
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In Reply To: mullokintyre's post @ Oct 30 2019, 05:05 PM

Somebody always does, Mick Long or short biggrin.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

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mullokintyre
post Posted: Oct 30 2019, 05:05 PM
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In Reply To: blacksheep's post @ Oct 30 2019, 02:04 PM

Somebody gunna lose their shirt.
Mick



--------------------
sent from my Olivetti Typewriter.
 
blacksheep
post Posted: Oct 30 2019, 02:04 PM
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In Reply To: blacksheep's post @ Oct 25 2019, 01:25 PM

Updated chart

SP up 7.51% currently @ $1.145. Short positions as at 24/10/19 = 6.50%


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 25 2019, 01:25 PM
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In Reply To: mullokintyre's post @ Oct 23 2019, 09:13 AM

Up 3.32% today @ $1.0375 following the announcement they intend to develop Santa Underground Mine at its Mount Belches Mining Centre

QUOTE
Development will require a very modest pre-production capital investment of $2.1
million to establish underground access and site services, with a further $2.0 million
in underground infrastructure. Construction activities are expected to take 2 months
and underground mine development is expected to commence in 4Q FY20. Mine
production from Santa will deliver approximately 1,800 ounces in FY20 and 26,000
ounces in FY21.

https://www.shortman.com.au/stock?q=slr
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mullokintyre
post Posted: Oct 23 2019, 09:13 AM
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In Reply To: blacksheep's post @ Oct 16 2019, 01:49 PM

And the battle still rages.
Back up above a buck this morning.
Mick



--------------------
sent from my Olivetti Typewriter.
 
 


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