Silver Lake Resources (SLR)

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

  1. tolly_67

    tolly_67 Well-Known Member

    Joined:
    May 17, 2010
    Messages:
    1,861
    Likes Received:
    100
    Trophy Points:
    63
    Congratulations....I have never made it big on my stock selections but I am always happy when someone else does.
    The young fellow at work picked up Silver Mines at 1 cent...10,000 of them early last year....currently around 17 cents now. If he holds that baby it will be well over the 1 or 2 million dollar mark in the next 10 years. Good for him, young family, hard worker what a great nest egg for them.
     
  2. scott_reeve

    scott_reeve Active Member

    Joined:
    Nov 13, 2012
    Messages:
    381
    Likes Received:
    144
    Trophy Points:
    43
    Location:
    Australia
    SVL had a 100:1 share consolidation (6.7bn shares to 67m shares on issure) in June when it acquired the Bowdens silver project off Kingsgate. So technically your friend's 1 cent purchase hasn't gone from 1c to 17c profit and the SVL chart doesn't look too enticing over last few years.
     
  3. tolly_67

    tolly_67 Well-Known Member

    Joined:
    May 17, 2010
    Messages:
    1,861
    Likes Received:
    100
    Trophy Points:
    63
    I wonder if he knows this? I thought he had picked a real winner. Thanks for the update.
     
  4. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    I blinked and there has a been a savage drop in SLR the last week or two.
    My entire portfolio (heavily mining focused) is done 20% recently. Ouch.

    [​IMG]
     
  5. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    4,027
    Likes Received:
    67
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
  6. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,249
    Likes Received:
    1,469
    Trophy Points:
    113
    Location:
    Sydney
    I'm seeing a pattern here in SLR's chart :D

    [​IMG]
     
    Bullion Baron likes this.
  7. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    What is "flipped"?
    I don't get it.
    EDIT: Ah, got it, you flipped the graph for the previous drop. Wishful thinking that I sure hope is true, I'll holding a ton of SLR.
    45c seems to have been the bottom though, it's held well for a long time now. So unless some fundamentals change, probably a safe entry point.
     
    Last edited: Aug 12, 2017
  8. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,249
    Likes Received:
    1,469
    Trophy Points:
    113
    Location:
    Sydney
    I probably should have said, i mirrored it from the bottom point. It seems to be following a mirrored path atm. If (when) gold does a big break out then it will most likely follow it's mirror path all the way up. So there is a chance my wishful thinking will come true.
    SLR seems to be well hedged, so i can't image it going down much more. But never say never.
     
  9. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,249
    Likes Received:
    1,469
    Trophy Points:
    113
    Location:
    Sydney
    This old fart stock has finally moved up today, up 15%. Now just need the gold price to move up too!
     
  10. zedstrange

    zedstrange Member

    Joined:
    Mar 21, 2014
    Messages:
    53
    Likes Received:
    15
    Trophy Points:
    8
    it was a good quarterly report, but i dont think the market knows how good SLR is. :)
     
    leo25 likes this.
  11. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    Nice, I'm still holding SLR, been a while, and with hindsight bottomed out about 32c, I bought in at 18c previously.
    Looking back at my previous post, I called near the last top it seems.
     
  12. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    "Silver Lake ended the quarter with a cash and bullion balance of A$87.3 million and has no debt. The A$20.6 million increase in cash from 31 December 2017 came despite the Company investing A$8 million in exploration and capital development at Mount Monger during the quarter."

    Impressive position to be in, and always nice to hold stock that has zero debt and continues to pull money out of the ground. Surely underrated?
     
  13. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    SLR finally cracks 50c again
    Very bullish.

    upload_2018-4-17_17-28-25.png
     
  14. Stackman

    Stackman Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    98
    Likes Received:
    3
    Trophy Points:
    8
    Location:
    Southern Sydney, Australia
    Maybe about time SLR announced a maiden dividend. Then the market would sit up and take notice.
     
  15. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    That would be a really big leg up.
    They certainly have the cash position to do it.
    Up to 52c now, sill bullish.
     
  16. lowtech

    lowtech Active Member

    Joined:
    Mar 11, 2018
    Messages:
    149
    Likes Received:
    38
    Trophy Points:
    28
    Location:
    Perth
    Ok, I know nothing about this topic but what is the significance of the flip-lines coordinates on the map? Is it just because of the low point or could a prediction also be made by moving the flip-line three squares to the right?

    Please excuse my ignorance on this but my current lack of understanding of the subject leaves me no option but to laugh at the absurdity of the prediction method or to learn more about it.

    Was it a joke or is that really a method that people use to determine how their investments will perform?
     
  17. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    They could pay a 5c dividend and it would only cost them $25M, still leaving them with $62M in cash with no debt, and continuing to pull gold out of the ground. No-brainer, surely?
    They can't continue to hoard the cash forever and not give back to shareholders.
     
    leo25 likes this.
  18. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,249
    Likes Received:
    1,469
    Trophy Points:
    113
    Location:
    Sydney
    There is no significance. For a short time it was following a mirrored path and i was just being wishful. So don't look too deep into it.
     
    lowtech likes this.
  19. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    Still going:

    upload_2018-5-11_21-33-40.png

    But it's just a blip on the 10yo graph.
    There is potential to get back to previous years highs.

    upload_2018-5-11_21-34-34.png
     
    Bobsydney and leo25 like this.
  20. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,038
    Likes Received:
    1,254
    Trophy Points:
    113
    Location:
    Australia
    SLR up almost 10% today, a "safe haven" stock it seems.

    From the last report
    $100M cash in the bank, no debt, and pulling 150k ounces out of the ground a year, what's not to like? Oh, yeah, lack of a dividend.
    If SLR ever starts to pay a dividend then it could very well be on the way up, eventually way up.

    upload_2018-10-12_23-51-52.png
     

Share This Page