SLR - Silver Lake Resources

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

March 2024 - Following up on the previous update at the end of February, Silverlake Resources (SLR) has certainly turned around and shrugged off the bad vibes after the Red 5 situation. Breaking through the $1.12 level once again has been the true turning point for the share price of the stock which then acted as a support level for the stock midway through the month on 20th March. The stock is now firmly trading above both 10 and 30 day moving averages at the end of the month and back towards the highs of the year.

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

April 2024 - Following up on the previous update at the end of March, the debacle in share price performance after the Red 5 situation is well and truly in the past for Silverlake Resources (SLR). The share price performance during the month of April has been nothing but stellar, with only one blip beneath the 10 day moving average on 23rd April which was 'bid up' rapidly the following day. The stock is now firmly trading above both 10 and 30 day moving averages at the end of the month and back towards the highs of the year.

In addition, a trade setup has also formed on the daily chart with respect to a Darvas box set up, as shown below. This set up provides guide rails upon activation, and also upon failure, of the set up.

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

May 2024 - Following up on the previous update at the end of April, share price performance continued to perform well throughout most of May until the final week and a half (along with the rest of the market). Approaching the end of trade towards the end of the month, Silverlake Resources (SLR) is now testing the 30 day moving average after breaching the most recent stop loss from the Darvas box set up, so caution of further rises under the 10 day moving average are advised (unless proven otherwise and higher highs are formed above the recent swing high of $1.585 from 27th May). Further details available in the latest weekly video update link provided below.

 

[IvoryWolf]

Important announcement regarding Silverlake Resources (SLR) - @debtfree :

https://clients.weblink.com.au/news/pdf2/02814990.pdf

 

[Dona Ferentes]

Important announcement regarding Silverlake Resources (SLR) - @debtfree :

https://clients.weblink.com.au/news/pdf2/02814990.pdf

hi IW... more homework (keep your hopes alive) :

If a stock is taken over it can be replaced. The exit price shall be taken to be the takeover price. The new stock must be nominated before the date the taken over stock ceases trading and the entry price of the new stock shall be taken to be the closing price on the day the taken over stock ceases trading

 

[System]

On June 20th, 2024, Silver Lake Resources Limited (SLR) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between SLR and its shareholders in connection with the acquisition of all the issued capital in SLR by Red 5 Limited (RED).

 

[IvoryWolf]

***** MONTHLY AND FINAL UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

June 2024 - Following up on the previous update at the end of May, the takeover by RED 5 (RED) is now complete with last trading day 7th June, as shown below. As such, coverage will now cease for this company which is now delisted from the ASX as at the end of June 2024 (no further updates can be made for the stock tipping competition; or any other reason). Further details available in a recent weekly video update link provided below.

 

[IvoryWolf]

@debtfree - Please mark off as complete for the remainder of the year's competition, no further updates can be provided as noted above. Thank you!

 

[debtfree]

@debtfree - Please mark off as complete for the remainder of the year's competition, no further updates can be provided as noted above. Thank you!

Thanks @IvoryWolf for your updates and the reminder of the latest news on SLR. I have updated the spreadsheet for the remainder of the year for this selection.

I haven't noticed a replacement for this stock before the 7th June Close so I guessing you are happy with the return and didn't want to chance losing any of it.

 

[IvoryWolf]

Thanks @IvoryWolf for your updates and the reminder of the latest news on SLR. I have updated the spreadsheet for the remainder of the year for this selection.

View attachment 181638

I haven't noticed a replacement for this stock before the 7th June Close so I guessing you are happy with the return and didn't want to chance losing any of it.

Thank you very much @debtfree - absolutely happy with locking in that return, for sure! Cheers!