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