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SLR - Silver Lake Resources

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i have read the story published by SLR and tried to analyse market reaction's possible reason to bring price down today.
From very common sense it is having a PE 5.3, free cash flow, revenue little more than half a billion, todays transaction is almost ten times than yesterday's volume,
Quarterly Report :
Market over reacted on today's review and failed to read the real benefit from Deflector CIP Carbon in Pulp project completion at about $34 Million. That is a massive investment on CIP Upgrade. .
They have a recovery 88 pc (very low value in normal gold mining scene) and going to be increase 92 pc. It is a big deal to increase recovery by 1 percent to bring down the AISC significantly through increased production. SLR claims 4.5 percent recovery increase. That could be the basis of IRR of the $34 M investment.
If the recovery reaches as claimed, then I would not be surprised to see AISC reduces conservatively by $200 per oz. If it https://cdn-api.markitdigital.com/a...ess_token=83ff96335c2d45a094df02a206a39ff4was CIL plant then my confidence would have been more.

Surely experts will be analysing through out the weekend and SLR will show up on Monday.
If the price goes down further, at this time I am a bit of ambitious to buy more on Monday or next opportunity.
As always I dig holes so do your own research.

1627049001512.png
 
Nice analysis Mr Miner.
However, the experts must have seen something else that we mere mortals are missing.
Down a cupla percent again this morning.
Happy for it to keep going, as would be keen to add to my holdings at lower prices.
Mick
 
mullokintyre said:
Nice analysis Mr Miner.
However, the experts must have seen something else that we mere mortals are missing.
Down a cupla percent again this morning.
Happy for it to keep going, as would be keen to add to my holdings at lower prices.
Mick
Click to expand...
Mate @mullokintyre
Yes, I saw the depression on SLR today.
Certainly experts know better than many of us. If they know something not in public knowledge then that is an insider deal and not any expertise for me
On a side note I have heard the great saying : A fool did a job when experts said, that can not be done. It was because the fool did not know it could not be done and so did it. :):)
There were many experts during GFC who disappeared when the market crashed.
Lehmann brothers failed and had many experts, who have left the sunken ship and working in other organizations- who knows?
In 2021 - my strategy is believing on myself on a front footing. Thanks to the inspiration received from @peter2 in one of his communication and comments to me, on this forum. ??
Don't be fooled by my conviction as I was wrong many times and will be so today and in future. I am no expert . DYOR
 
Miner said:
Mate @mullokintyre
Yes, I saw the depression on SLR today.
Certainly experts know better than many of us. If they know something not in public knowledge then that is an insider deal and not any expertise for me
On a side note I have heard the great saying : A fool did a job when experts said, that can not be done. It was because the fool did not know it could not be done and so did it. :):)
There were many experts during GFC who disappeared when the market crashed.
Lehmann brothers failed and had many experts, who have left the sunken ship and working in other organizations- who knows?
In 2021 - my strategy is believing on myself on a front footing. Thanks to the inspiration received from @peter2 in one of his communication and comments to me, on this forum. ??
Don't be fooled by my conviction as I was wrong many times and will be so today and in future. I am no expert . DYOR
Click to expand...
According to simply wall street, some analysts are predicting a 10 to 12 % decline in profits for SLR for next three years.
Unfortunately, not being willing to part with my money to buy analysts reports, I don't have access to what assumptions they make in these reports. Maybe they are assuming a higher AISC than what the company has stated, maybe they see gold falling over the next three years, who knows.
Mick
 
mullokintyre said:
According to simply wall street, some analysts are predicting a 10 to 12 % decline in profits for SLR for next three years.
Unfortunately, not being willing to part with my money to buy analysts reports, I don't have access to what assumptions they make in these reports. Maybe they are assuming a higher AISC than what the company has stated, maybe they see gold falling over the next three years, who knows.
Mick
Click to expand...
I am a subscriber of simply wall street. Will have a look later tonight as currently busy on digging holes as my day job :)
 
mullokintyre said:
According to simply wall street, some analysts are predicting a 10 to 12 % decline in profits for SLR for next three years.
Unfortunately, not being willing to part with my money to buy analysts reports, I don't have access to what assumptions they make in these reports. Maybe they are assuming a higher AISC than what the company has stated, maybe they see gold falling over the next three years, who knows.
Mick
Click to expand...
i do not hold SLR

higher ASIC yes i can imagine that might be an industry wide trend , but i would think commodity prices would stay resilient ( or maybe ever trend up , i feel the global currencies are weakening , but it will SEEM that prices are rising )

maybe they foresee that epic crash , many have been worrying about for nearly a decade .. all the wise money will be rushing to reduce debt , if there is a full-on crash

another influence on ASIC might be the move to 'clean energy ' and costs associated with that
 
mullokintyre said:
According to simply wall street, some analysts are predicting a 10 to 12 % decline in profits for SLR for next three years.
Unfortunately, not being willing to part with my money to buy analysts reports, I don't have access to what assumptions they make in these reports. Maybe they are assuming a higher AISC than what the company has stated, maybe they see gold falling over the next three years, who knows.
Mick
Click to expand...
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Miner said:
View attachment 127965View attachment 127966View attachment 127967
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CAUTION - Please do not, I repeat, DO NOT make your decision based on the screen dump.
There is a lot much information against this stock and due to probable copyright issues, I have only provided a tiny fraction of information here. DYOR. There would be many more data that would /could contradict the above. So please make your own analysis and judgment. The market is no fool. So smell the trend if it is smelling like rotten egg or jasmine and worse if your nose is blocked one. .
 
Over the last few months the entire gold sector has been shaping up very nicely technically. However it seems to be really struggling to follow through and the sort of investors who should be all over it and in the past would have been are now all over BTC. Gold seems to have much more competition!
Also the rising bond scare we had back a month or two ago that was seeming to be i line with inflation which again would traditionally make gold go up, made gold go down!!!! Due to getting some interest of Bonds buy not gold it seems. Gold is in a flap and doesn't seem to be going anywhere fast.
Noting that NST, NCM and EVN which are quality gold stocks were all down to day too. If China makes a move on Taiwan Gold will go through the roof.
 
Most of the charts of the quality gold miners look uniformly s*#t to me, I'll be sticking with what I have but trying to control my hand like Dr Strangelove from buying anything more. Waiting for the crash to add and will be considering SLR which is one I don't hold.
 
notting said:
Over the last few months the entire gold sector has been shaping up very nicely technically. However it seems to be really struggling to follow through and the sort of investors who should be all over it and in the past would have been are now all over BTC. Gold seems to have much more competition!
Also the rising bond scare we had back a month or two ago that was seeming to be i line with inflation which again would traditionally make gold go up, made gold go down!!!! Due to getting some interest of Bonds buy not gold it seems. Gold is in a flap and doesn't seem to be going anywhere fast.
Noting that NST, NCM and EVN which are quality gold stocks were all down to day too. If China makes a move on Taiwan Gold will go through the roof.
Click to expand...
nice to see you back @notting
 
SLR annual report out today.
Nothing terribly exciting in it.
Good bits are Production up, sales up, average price received up, net cash flow up, cash and bullion up by 23%.
Nil debt.
Bad bits are AISC up 15%, production guidance little changed on last year, ISC guidance up on last year
Still no dividend.
Intererstingly, gold in AUD about where it was a few weeks ago before the gold crash.
Will add some more at anything below 1.30.
Mick
 
mullokintyre said:
SLR annual report out today.
Nothing terribly exciting in it.
Good bits are Production up, sales up, average price received up, net cash flow up, cash and bullion up by 23%.
Nil debt.
Bad bits are AISC up 15%, production guidance little changed on last year, ISC guidance up on last year
Still no dividend.
Intererstingly, gold in AUD about where it was a few weeks ago before the gold crash.
Will add some more at anything below 1.30.
Mick
Click to expand...
Bugger, missed out on that low ball 1.29 bid.
Wonder if 1.295 was the low??
Mick
 

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