Why The Drop in SLR today

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Apr 23, 2013.

  1. SilverSanchez

    SilverSanchez Active Member

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    This is proabably why

    "10,229 ounces forward sold at $1,364 per ounce were delivered in the quarter to close out the hedge
    book that came with the Integra transaction. Silver Lake had no further hedging in place at the end of
    the quarter."
     
  2. Alfie

    Alfie Member

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    Is this information difficult to source?
    It should have influenced buyers in the lead up to the end date of the hedge one would have thought
    Thanks for the info
     
  3. SilverSanchez

    SilverSanchez Active Member

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    No its not difficult, but most people dont like reading or even just researching
     
  4. Alfie

    Alfie Member

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    Let me rephrase the question
    Where would I find that information?
     
  5. SilverSanchez

    SilverSanchez Active Member

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    Their most recent quarterly report that was released yesterday - is where I got the quote from
     
  6. Alfie

    Alfie Member

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    Cheers for that, I couldn't have acted on that information given the time it was released
     
  7. SilverSanchez

    SilverSanchez Active Member

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    I bought some under $1 - never would have thought I could have gotten SLR under $1
     
  8. Alfie

    Alfie Member

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    I put a buy order in last Friday @$1.285 when it was trading in the low to mid 30's thinking it had bottomed, the order got picked up on Monday and I was pretty chuffed with that!
    Well done on the sub $1 pick up, mate I'm just finishing off reading the quarterly report, I'm putting in an order at sub $1 and see if I get lucky!
    The fundamentals and management team are good on this one, POG going forward and sentiment are the main iffies and incidentally, out of their control
    Cheers
    Alfie
     
  9. SilverSanchez

    SilverSanchez Active Member

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    Its always less risky buying after the turn,

    SLR could visit sub 0.9 by the time its all over

    so make sure ou keep some powder dry! I have about $5k im keeping dry for mind boggling oppertunities.

    Everyone hears of the term 'leverage' - this 0% margin situation is why leverage can make you rich on the upside, but wipe you out on the downside.

    Dont buy on margin (just my opinion)
     
  10. Alfie

    Alfie Member

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    Powder's dry, I'm a bit heavy in PM if anything but I'm a sucker for punnishment!
    Margin is not my thing
    Cheers
    Alfie
     
  11. Kansas21

    Kansas21 Member Silver Stacker

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    Placed what I thought was a lowball offer @ 1.20 not expecting it to be reached - bam - there it was a week later - so hope we are near a bottom now. Running out of powder a little left for averaging if it goes ridiculous.
     
  12. BIGGRIN

    BIGGRIN Member

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    Where will tax loss selling take the share price if the physical doldrums continue and the share price malaise remains toward the end of the financial year?

    Prices are
    goin
    down
    down (enter Status Quo)...



    BG
     
  13. thatguy

    thatguy Active Member

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    up 21% today... boom!
     
  14. Alfie

    Alfie Member

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    Its a nice step in the right direction, I'm keen to see where we will be in early June, BIGGRIN made a great point if they are in negative territory for some investors come end of financial year. Traders won't care!
    I reckon they are a cracker company and its nice to see the market agrees with me today
     
  15. dollars

    dollars Active Member Silver Stacker

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    Just above a dollar today

    closed on the low of the day @$1.05

    plenty of selling into the close
     
  16. SilverSanchez

    SilverSanchez Active Member

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    Construction budget blowout of $20mil due to delays and dispute with contractor... expect a price drip on open monday under $1 again.
     
  17. southerncross

    southerncross Well-Known Member Silver Stacker

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    All in your mind
    You would have to think that this is some of the best buying you could get for an Aussie gold company, if it was hair dryers, T.V's , clothes or couches on sale at these rates there would be riots at the doors upon open. Alas the sheeple sleep....
     
  18. thatguy

    thatguy Active Member

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    $0.90c
    Is there blood running in the street yet?
     
  19. Phiber

    Phiber Active Member Silver Stacker

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    keeps dropping downnnnnn
    we f&*^ing need a bit of a run up :p
     
  20. SilverSanchez

    SilverSanchez Active Member

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    not a massive surprise
     

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