Silver Lake Resources (SLR)
- Thread starter Greenman
- Start date
I want to get excited but to scared too. I've been burned to many times. Well that's 100% profit in 1 month, so I'm going to expect some heavy selling soon, unless some big news.
does anyone know what their current hedging situation is and when it will be complete?
does anyone know what their current hedging situation is and when it will be complete?
They still have about 12 months with an average hedging price of $1563 an ounce
SilverDJ
Well-Known Member
I averaged my buy in at 17.6 cents 
Current paper profit would equal enough 1kg silver bricks for a serious weight workout.
I'm holding out for the long term in the dollars range though, it's my only really big long term speculative play.
As usual, with hindsight, should have bet the farm. The tell that SLR was rock bottom was when they held fast during the recent crashes.
Current paper profit would equal enough 1kg silver bricks for a serious weight workout.
I'm holding out for the long term in the dollars range though, it's my only really big long term speculative play.
As usual, with hindsight, should have bet the farm. The tell that SLR was rock bottom was when they held fast during the recent crashes.
Riddle me this....
Back in October 2015, gold and gold miner shares had a cycle top. In $AUD the gold price hit $1650, in $US the gold price hit $1182 - both of these tops have been taken out fairly convincingly now in the last day or so.
Newcrest shares hit $15.79 in Oct 2015 and today their shares powered through that high to reach $16.83
Silver Lake Resources hit $0.30 in Oct 2015.....but today they are still building slowly to only $0.26 and SLR hasn't taken out its previous top. No indications at all that a top has been reached. Volume for SLR is still fairly light and volatility is low. It just looks to be going about its business and building steadily....
Is the market asleep? Is SLR just a well kept secret? Surely if the run on bank stocks continues, some panic about system stability starts to hit the US tonite and the $1200 USD resistance level gets broken, the upside for SLR is still pretty substantial.
Still worth a punt I reckon. What am I missing?
Back in October 2015, gold and gold miner shares had a cycle top. In $AUD the gold price hit $1650, in $US the gold price hit $1182 - both of these tops have been taken out fairly convincingly now in the last day or so.
Newcrest shares hit $15.79 in Oct 2015 and today their shares powered through that high to reach $16.83
Silver Lake Resources hit $0.30 in Oct 2015.....but today they are still building slowly to only $0.26 and SLR hasn't taken out its previous top. No indications at all that a top has been reached. Volume for SLR is still fairly light and volatility is low. It just looks to be going about its business and building steadily....
Is the market asleep? Is SLR just a well kept secret? Surely if the run on bank stocks continues, some panic about system stability starts to hit the US tonite and the $1200 USD resistance level gets broken, the upside for SLR is still pretty substantial.
Still worth a punt I reckon. What am I missing?
Silverstrat
Member
Yeah it's a mystery Bug, there are 2 camps here one suggesting it's due to pop and the other saying it's running low on mine supply and needs a new find soon.Prefer this stock as a short term trade while my favourites SAR and BLK have great long term prospects.
Still holding SLR but just can't quite work out which camp to be in.
Still holding SLR but just can't quite work out which camp to be in.
No, I'm not missing that at all
Was just wondering if there was more to this story. I know there are a few SLR shareholders amongst the SS crew who might have an insight....or might confirm that the market has been slow to react to the gold surge by pushing up SLR valuation.
I think it was one of the big ringers when we had the last bottom and then pop, people who got in at 15c are pretty happy already and most waiting for their speculative ship to come in. Those getting in now on the back of higher prices are going on for the big guys who will be able to provide great top and bottom line results as well as dividends at $1700aud gold like newcrest.
My family has some SLR, I'm just one of those stubborn people who can't buy something a lot more expensive than I paid last time even if the business situation has changed.
I like the company, if you think this is the start of the big run up then it's definitely worth putting some in your pocket or adding to what you already have. If you're on the fence and worry we might make new lows still then buying one of the big boys means you know you'll still have a company there when you've survived that and new highs come in a year or two.
My family has some SLR, I'm just one of those stubborn people who can't buy something a lot more expensive than I paid last time even if the business situation has changed.
I like the company, if you think this is the start of the big run up then it's definitely worth putting some in your pocket or adding to what you already have. If you're on the fence and worry we might make new lows still then buying one of the big boys means you know you'll still have a company there when you've survived that and new highs come in a year or two.
Silverstrat
Member
AISC at $1250 doesn't help either, plenty out there that are lower.
If/when gold really exits the bear market, the real cheddar will be made in micro caps sitting on large known reserves that can't raise the capital at these lower prices to start development as there is simply no interest in gold stocks yet from the big institutions. Once gold closes at above $1220 on the week, I'll be seriously looking at companies like ABU, PGO, CTO, SVL and MSR. All extremely high risk and more than likely will be flops, but all potential 100 baggers if any of them can get up and running. I already own small stakes in KGD, CAS and MOY which are in the same category. MOY was up about 23% today on debt reduction news.
Silverstrat
Member
Wow this has finally grown some legs, you"d be one happy bug now Bugged out, probably even happier tomorrow, well done and well called.
