Silver Lake Resources (SLR)

Discussion in 'Stocks & Derivatives' started by Greenman, Aug 18, 2013.

  1. SilverDJ

    SilverDJ Well-Known Member

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    Now up over 60c
     
  2. leo25

    leo25 Well-Known Member Silver Stacker

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    does anyone know what their all in production cost is these days per ounce?

    I'm still expecting the AUS dollar to come down to the 70c levels or below which will put the AUS gold price near the $2000 levels.
     
  3. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    ^ Don't hold your breath waiting/expecting for AUD to come to 70 cents. I would not be surprised if it never does. Debt ridden US and the USD are having trouble staying afloat. US bonds are on a 30 year negative yield, ect. Soon who would want to hold/trade in USD helicopter money backed by nothing? USD is going to down big time soon. The Chinese yuan backed by pyshical gold is what most will want to trade in. A new era.
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    In this case I only sold 20% of my SLR shares. so still sitting very pretty.
     
  5. SilverDJ

    SilverDJ Well-Known Member

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    It keeps going up!
    [​IMG]
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    Just a blip in the 5 year history radar though

    [​IMG]
     
  7. leo25

    leo25 Well-Known Member Silver Stacker

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    another big move today, up to 71c now. looks like people are starting to look at these smaller gold mines.

    Nice 400% gain in less then a year :) Can't wait to see what it does when the US gold price starts to move up, then things will be very interesting.
     
  8. Abossy

    Abossy Active Member Silver Stacker

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    Let's hope the current rise is sustained. I was waiting for a pullback to load up some more but that hasn't happened yet!
     
  9. SilverDJ

    SilverDJ Well-Known Member

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    I sold about 20% at 53c and took handsom profit on that, then it pulled back the next day and dropped to 43c IIRC and sat there for a while. Should have bought back in, oh well, I still my original 80%.
     
  10. scrooged

    scrooged New Member

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    Opposite here. Sold 80% today. Held 12 mth +

    Looking at other interests. Still hold BLK & RMS 12 mth +

    Good luck all, top stock.
     
  11. SilverDJ

    SilverDJ Well-Known Member

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    Nice jump today and good rally this month

    [​IMG]
     
  12. markc

    markc Member

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    I sold all mine at 67c, around the time it peaked
     
  13. scrooged

    scrooged New Member

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    Congrats on picking the peak @ $0.67
     
  14. SilverDJ

    SilverDJ Well-Known Member

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    It's now surpassed that peak. Nice rally recently.
    [​IMG]
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    I'm kicking myself for not buy more then i did at 14c
     
  16. tolly_67

    tolly_67 Well-Known Member

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    Bloody hell....you had better kick me as well.
     
  17. SilverDJ

    SilverDJ Well-Known Member

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    Up another 6% today!
    I sold some SLR at $0.53 or so to get the majority of my money back "just in case", but I have a large amount left that makes it by far the biggest thing in my portfolio. I did bet big on this one and it's paid off :D
    The question now is how far is it going to go?
    [​IMG]
     
  18. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    It probably go down due to profit taking
     
  19. leo25

    leo25 Well-Known Member Silver Stacker

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    Or could go up due to some good news around the corner.
     
  20. SilverDJ

    SilverDJ Well-Known Member

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    Still rallying!
    SLR is now making up almost half my portfolio, it's getting scary.
    And I have already profit taken a good chunk of my original investment, so tempted to just let it fly. But if it crashes and burns I'm still going to be one unhappy camper.
    Scariness aside, I think it's still looking good. They just paid off their bank debt and have $49M in cash and bullion and sales are up 7%

    [​IMG]
     

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