SLR - Silver Lake Resources

[wanlad1]

SLR is looking quite strong, came back to base filled the gap and now looks to retest the old high. POG holding its value should also add value to the stock.

 

[wanlad1]

Just thought the I would paint the picture with a chart. Possible bullish flag forming, gap filled from lift off. The blue is the Acc/Dist indicator this demonstrates accumulation and strongly held.

The recent set back of this particular rally tested the 50% fib retrace, which is where the gap was filled. Looks to be back on her way up from here.

 

[wanlad1]

After a few days in the secondary trend down, a doji day. SLR responds very well to Doji's as I have attemted to illustrate in the chart below.

Primary trend is up and intact, possible cup & handle formation forming, which is a contiuation pattern of an uptrend.

It has been made known by another trader that Pattersons have put a buy on SLR today at 1.11

 

[goldenale]

Good to see Silver Lake Resources acquiring to their Mt Monger Project in WA;-)

They can concentrate their flagship while Cortona Resources concentrates their Majors Creek Project

 

[Miner]

OMG there was no posting on SLR thread for 10 months.
for the SLR followers I am putting an extract from a financial paid weekly (Insider Trading) and hope with 2% extract from a full write up I am within copyright provision.

DYOR

" Price: $1.94
Risk: Medium
Target: $2.50
Timeframe: medium term investment with possible short term trading opportunities

Silver Lake Resources is a W.A. Gold miner with plenty of potential with a variety of gold mines, their own processing plant and increasing resources.

The price has fallen around 50c just recently and we consider this to be a good buying opportunity.

The high Aussie dollar has been affecting the effective price of gold in Australian terms recently and this has had some affect on gold miners recently however, the price of gold is still very high and looking strong.

Silverlake currently has no debt and no hedging."

 

[mr. jeff]

HI Miner,
I watch SLR quite closely. they are a good producer, I have been waiting for some sort of price catalyst before getting back into these guys, they are professional have reliable production and are making great money, decent margins.
Probably should have updated their production etc. but there is not much here that has changed from 6 months ago, they have been quietly producing and no doubt with a smug grin about the gold price.

Completely ridiculous, but as gaps need filling, it looks like SLR will have to head on back to 1.75, fill that then get going again!

 

[Miner]

HI Miner,
I watch SLR quite closely. they are a good producer, I have been waiting for some sort of price catalyst before getting back into these guys, they are professional have reliable production and are making great money, decent margins.
Probably should have updated their production etc. but there is not much here that has changed from 6 months ago, they have been quietly producing and no doubt with a smug grin about the gold price.

Completely ridiculous, but as gaps need filling, it looks like SLR will have to head on back to 1.75, fill that then get going again!

thanks Mr Jeff.
I will keep an eye on SLR to drop further

 

[mr. jeff]

This stock has shown a great performance over the year.
Announcement today is amazing.

"ASX ANNOUNCEMENT 10 November 2011
High Grade Copper Discovery At Hollandaire
Copper grades up to 45% in massive sulphide zones
Deposit contains Copper, Gold & Silver
Highlights
• Assay results received from 7 holes of the 9 hole programme at Hollandaire
• Hollandaire deposit contains Copper, Gold & Silver
- grades up to 45% Cu, 5.5 g/t Au & 256 g/t Ag
• Drill hole 11HOD009
- 9.3 metres at 15.4% Cu, 2.0 g/t Au & 29.0 g/t Ag from 61 metres
(including 1.0 metre at 45.5% Cu, 2.8 g/t Au & 51 g/t Ag and 0.8 metres at
41.2% Cu, 5.5 g/t Au & 62 g/t Ag)
• Drill hole 11HOD003
- 14.3 metres at 7.8% Cu, 1.0 g/t Au & 20.1 g/t Ag from 109 metres
(including 1.7 metres at 23.0% Cu, 1.8 g/t Au & 77.3 g/t Ag)
• Drill hole 11HOD004
- 1.9 metres at 5.2% Cu, 0.5 g/t Au and 10.7 g/t Ag from 97 metres
- 1.0 metre at 7.1% Cu, 1.3 g/t Au and 17.5 g/t Ag from 111 metres
• Drill hole 11HOD005
- 6.3 metres at 1.9% Cu, 0.9 g/t Au and 23.7 g/t Ag from 64 metres
(including 0.2 metres at 1.1% Cu, 3.0 g/t Au & 256 g/t Ag)"

What a good copper strike for a gold producer.
They will be able to underpin development nicely.
Any following who can add more?



once it broke the 2.50 level it kept on moving...where will this end up?

 

[springhill]

High Grade JORC Resource Totals 4.5Moz of Gold Maiden Ore Reserve Totals 1.3Moz of Gold

Highlights
• Mount Monger:
− Total resource of 7.1 million tonnes at 7.4 g/t Au for 1.7 million oz
− >1.1 million ounces of resource accessible from existing infrastructure
− Maiden ore reserve of 2.9 million tonnes at 4.6 g/t Au for 0.4 million oz
− Maiden ore resource of 60,000 oz at Haoma West
− Ore reserve is based on a rolling 2 year outlook
− Drilling ongoing to convert resources to reserves
• Murchison:
− Total resource of 20.7 million tonnes at 2.8 g/t Au for 1.9 million oz
− Maiden ore reserve of 4.9 million tonnes at 2.7 g/t Au for 0.4 million oz
− Drilling ongoing to convert resources to reserves
• Great Southern:
− Total resource of 15.2 million tonnes at 2.0 g/t Au for 1.0 million oz
− Ore reserve of 7.4 million tonnes at 1.8 g/t Au for 0.4 million oz
• Total June 2012 resource (inclusive of ore reserves):
− 43.0 million tonnes at 3.3 g/t Au for 4.5 million ounces
• Total June 2012 ore reserve
− 15.3 million tonnes at 2.6 g/t Au for 1.3 million ounces

 

[springhill]

SILVER LAKE RESOURCES TO ACQUIRE INTEGRA MINING


• Silver Lake Resources to acquire Integra Mining via a unanimously recommended Scheme of Arrangement at an exchange ratio of 1 new Silver Lake share for every 6.28 Integra shares

• Offer values Integra at 45.2 cents and represents a 44% premium to the last closing price and a 40% premium to the 20‐day VWAP

• Integra shareholders to hold ~40% of the enlarged Silver Lake

• Proposed Scheme will create a major Australian gold producer with a 6.6Moz resource base (inclusive of 1.8Moz of Ore Reserves) current production of 200,000 oz pa and forecast production of +400,000oz pa in 2014

• Transaction offers a rare opportunity in the resources sector to create material value for shareholders of both companies given the proximity of operating mines, mills and combined tenement holdings:
o Operational synergies at Mount Monger with ability to substantially increase future production and reduce future operating and capital costs
o Economies of scale and ability to optimise production outcomes
o Reduction of corporate and operational overheads
o Access to Silver Lake’s underground mining expertise to de‐risk Integra’s proposed underground operations
o Ability to optimise exploration spend with access to Integra’s highly regarded exploration team
o Scale/breadth of technical resources to further de‐risk development of Murchison Project

• Enlarged Silver Lake to have strengthened balance sheet with A$107 million in cash

• Integra shareholders will benefit from project diversification and scale , attributes increasingly sought by institutional investors

 

[pixel]

not sure if the Market thinks this is good for SLR?



whereas IGR holders seem to consider the bid generous - if not a life-line.

 

[mr. jeff]

Very good buying by SLR and should really help along their gold production. I wonder whether there will be a revised bid or whether it will be taken. Tough times for IGR maybe.

 

[mixedeconomist]

Any ideas of a sell price/timeframe?

 

[pavilion103]

Big volume near a long term support (need to zoom out). This could have a nice little run up.

 

[frankie_boy]

Now that IGR has been taken over by SLR, I am now here. So now what. I will be reading through the chatter and be watching. Its way down from the 3.90 high of 3 months ago. No intension to sell off, but unsure of purchasing more.

 

[Josho1]

Not looking good at all.

 

[pixel]

Not looking good at all.

 

[tinhat]

I've dipped my toe in at 2.57 with a 2.36 stop loss.

 

[pixel]

I've dipped my toe in at 2.57 with a 2.36 stop loss.

Good luck, tinhat;

I traded the break, bought on Friday, sold on Monday:



If the retracement holds today's 50% level, I may rejoin you.

 

[56gsa]

Anyone following this ? And know reasons for the fall today?

I acquired through Integra holding and while it seems to have a great selection of projects from producers to exploration the market obviously isn't impressed.

Thoughts?