Silver Lake Resources (SLR)

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

  1. Stackman

    Stackman Member Silver Stacker

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    SLR announced a merger with Doray Minerals (DRM) this morning, to create a mid-tier gold producer of around 240,000 ounces per annum.

    The ASX announcement described it as a "merger", but an Aus Fin Review article calls it a move "gobble up" Doray, and points at more consolidation to come in the industry.

    Mr Market not impressed: SLR -9.6% and DRM -11.1% at the close.
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    I'll have to re-evaluate SLR now. I liked their cash positive no debt position before and pulling tons of gold out of the ground. I hope the merger doesn't impact that.
     
  3. SilverDJ

    SilverDJ Well-Known Member

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    Most certainly an acquisition:
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    The new group still looks in great financial position.
    Combined group now has some debt of $15m, but cash assets of $134m, and pulling 230+ tons of gold out of the ground a year.
    What's not to like?
    Ok, a dividend would be nice!
    If they start paying a dividend then I see the price climbing a lot over the coming years. I think I'll hold. I'm free running my SLR shares anyway after getting my money back from 15c.
    Why the down-sell from the market? How many other companies are in such a good financial position with such a steady income flow?

    upload_2018-11-14_19-13-18.png
     
  5. leo25

    leo25 Well-Known Member Silver Stacker

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    Don't know if the market is just acting irrational as they normally do or if there is something deeper that I'm missing, because i thought it looks ok.
     
  6. scott_reeve

    scott_reeve Active Member

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    SLR weekly chart:
    [​IMG]
     
  7. SilverDJ

    SilverDJ Well-Known Member

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    Nice recent rally

    upload_2019-2-18_22-13-46.png
     
  8. SilverDJ

    SilverDJ Well-Known Member

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  9. SilverDJ

    SilverDJ Well-Known Member

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    SLR's current market cap is $330M. If they can crack $440M then they'll sneak into the ASX200, at which point they get on everyone's the radar.
    And as mentioned, if they start paying a dividend then I expect the price to move up substantially.
     
  10. SilverDJ

    SilverDJ Well-Known Member

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    Another big jump today

    upload_2019-2-22_22-24-34.png
     
  11. Stackman

    Stackman Member Silver Stacker

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    SLR added to the S&P/ASX300 index effective 18 Mar 2019.
     
  12. SilverDJ

    SilverDJ Well-Known Member

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    It's only going up from here!
    You'll be hard pressed to find a more impressive financial position. Zero debt, 104M in cash an bullion, and literally pulling tons of gold out of the ground a year.
    And they have a mine called Cock-Eyed Bob!, what's not to like?

    With cash up 56%, there has to be more pressure on the board to start paying a dividend, surely.


    upload_2019-3-10_16-43-23.png
     
  13. SilverDJ

    SilverDJ Well-Known Member

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    Another big day for SLR, up another 7%

    upload_2019-4-4_20-22-28.png
     
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  14. leo25

    leo25 Well-Known Member Silver Stacker

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    Really wish i purchased more at 14c.

    Let's get back to the good old days :)

    slr.jpg
     
    Last edited: Apr 4, 2019
  15. SilverDJ

    SilverDJ Well-Known Member

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    If it gets back to $4 I'll send you a postcard from my private island :D
     
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  16. leo25

    leo25 Well-Known Member Silver Stacker

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    I hope there will be a nice bottle of scotch with that postcard :)
     
  17. SilverDJ

    SilverDJ Well-Known Member

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    Please Sir, may I have a dividend...
    $123M in cash and gold, and zero debt
    Why is that any other company in any other market in that position would be lauded as a bargain buy, but in the gold sector, meh.



    upload_2019-4-30_9-19-27.png
     
  18. leo25

    leo25 Well-Known Member Silver Stacker

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    Punched to $1 today. A big price level, if it pushes past $1 who knows where to next! Both SLR and Gold are at major price points where things can get very exciting very fast.
     
  19. SilverDJ

    SilverDJ Well-Known Member

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    The price jumped up yesterday before the big announcement of a "Spectacular" gold find this morning, people knew.
     
  20. leo25

    leo25 Well-Known Member Silver Stacker

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    People in the know always know before an announcement, this is true with every stock ever. Also had to do with GDXJ (VanEck Vectors Junior Gold Miners ETF)
     

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