Silver Lake Resources (SLR)

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

  1. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
  2. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    253
    Likes Received:
    297
    Trophy Points:
    63
    Just came across an article that, if it comes to fruition, may help pull the price down a little.

    "Big Warning in Gold’s COT Data The most recent Commitment of Traders data from the CFTC showed net commercial short positions at the largest level in the thirty-three-year history. Speculators had the second highest long positions. The RSI of the COT numbers are in a bearish divergence as only seen five previous times (7/23/93, 1/18/08, 11/27/09, 7/18/14 & 7/8/16). This makes gold extremely vulnerable. The cleanout of weak longs should see the price decline by 15% or more (below $1340). It will likely take a minimum of six weeks in a choppy manner with possible retracement rallies of 50% from the $1543 high of September 25th."
     
    66rounds and openeyes like this.
  3. Slimey

    Slimey Well-Known Member

    Joined:
    Jul 20, 2019
    Messages:
    253
    Likes Received:
    297
    Trophy Points:
    63
    hero to zero in 2 trading days. This stock is not good for the heart.
     
  4. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    SLR usually drops when the All Ords has a good day.
     
    Slimey likes this.
  5. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,792
    Likes Received:
    1,778
    Trophy Points:
    113
    Location:
    Melbourne
    Six weeks to save funds before backing up the truck sounds good to me!
     
    Slimey likes this.
  6. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    I've got cash, more cheap gold is fine by me, I'm already free-carrying SLR.
     
    66rounds likes this.
  7. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    SLR up again today (7%), and on the back of a FALLING gold price o_O
    Somethings up...

    upload_2019-10-30_21-30-47.png
     
    PM, wrcmad and Slimey like this.
  8. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    The recovery continues since the Egan Street buyout was settled.
    Still over $150M in cash, no debt, and production is really ramping up.
    Any large increase in gold price will make SLR really take off.

    upload_2019-12-4_11-39-16.png
     
    Last edited: Dec 4, 2019
    Slimey and leo25 like this.
  9. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    Another 7% jump today, not really off the back of anything either that I can tell.

    upload_2019-12-12_15-31-8.png
     
  10. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    Another 7% jump today, not really off the back of anything either that I can tell.

    View attachment 31068
     
  11. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,315
    Likes Received:
    1,569
    Trophy Points:
    113
    Location:
    Sydney
    Hope the ASX200 reweight the gold miners. Atm SLR is only 0.05%, be good to get it up to 0.15% then we will be back at 2011/2012 prices :D
     
    Last edited: Dec 12, 2019
  12. scott_reeve

    scott_reeve Active Member

    Joined:
    Nov 13, 2012
    Messages:
    382
    Likes Received:
    146
    Trophy Points:
    43
    Location:
    Australia
    SLR update:
    [​IMG]

    seasonality:
    [​IMG]
     
    wrcmad likes this.
  13. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    SLR going gangbusters again. Fantastic recent quarterly report.
    Getting toward $200M in liquid assets, still no debt, it's a cash producing cow!
    Looking like a breakout in the share price.


    upload_2020-1-20_12-16-31.png
     
    wrcmad and Bullion Baron like this.
  14. openeyes

    openeyes Well-Known Member Silver Stacker

    Joined:
    Aug 26, 2014
    Messages:
    1,192
    Likes Received:
    981
    Trophy Points:
    113
    Location:
    Canberra
    More of the same please
     
  15. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    Your wish is granted courtesy of the best performing gold stock going around. Milking and hoarding cash like crazy. Up over 3% again today while everyone else is down.
    Clearing $2 is as near to a certainty as you'll get in the market at the moment.

    upload_2020-2-27_18-40-49.png
     
  16. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,315
    Likes Received:
    1,569
    Trophy Points:
    113
    Location:
    Sydney
    At this rate maybe SLR will join the ASX100 list by end of year.
     
  17. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    3,315
    Likes Received:
    1,569
    Trophy Points:
    113
    Location:
    Sydney
    I remember these days back in 2015. If only i purchased more. :oops:
     
  18. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    I bought all mine back in those 15c days. Sold a bunch at 50c or something to get my money back and free carry the rest. With hindsight should have just kept them, could'a-should'a. Still I'm very happy :D
     
    leo25 likes this.
  19. Michael Stevens

    Michael Stevens Well-Known Member Silver Stacker

    Joined:
    Jul 14, 2019
    Messages:
    361
    Likes Received:
    322
    Trophy Points:
    63
    Getting smashed again today!
     
  20. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    4,052
    Likes Received:
    1,271
    Trophy Points:
    113
    Location:
    Australia
    Yep, people no doubt having to sell of one of their best performing stock profits to cover loses elsewhere.
    No fundamental reason for this stock to get hammered, it has no debt and hundreds of millions of dollars in cash.
     
    sammy likes this.

Share This Page