Logo
Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome to ShareScene - Talk Shares And Take Stock With Australia's Sharemarket Community - New Here? Click To Register >

28 Pages (Click to Jump) V  < 1 2 3 4 5 > »    
 
  
Reply to this topic

SLR, SILVER LAKE RESOURCES LIMITED
Concrete Feet
post Posted: Mar 16 2014, 02:04 PM
  Quote Post


Posts: 12


In Reply To: arty's post @ Dec 11 2013, 10:46 AM

gold seems to be kicking along a bit now. the herd may push it further this week. thinking a play on SLR could be in order this week?

 
arty
post Posted: Dec 11 2013, 10:46 AM
  Quote Post


Posts: 12,268
Thanks: 2968


If the pog twitches, producers with higher all-in production costs should benefit most.
So the experts suggested, among others in the last Weekend West.
Sounds logical to me, and if they're right, that would offer a reasonable explanation for SLR's outperforming its peers today.

Attached Image


Disclosure: I bought early this morning; cost base sub-42c; stop on Close Below 39c



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
arty
post Posted: Dec 5 2013, 12:45 PM
  Quote Post


Posts: 12,268
Thanks: 2968


In Reply To: bam_bamm's post @ Dec 4 2013, 03:31 PM

Always the optimist, b-b smile.gif
But if I apply some Fibbery to my chart, 22.5c becomes a possible target.

Attached Image


Earlier today, I thought yesterday's Doji might be evidence of a turning point, but that looks now less likely.
I'd rather be short; but not holding any SLR position at this time.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
bam_bamm
post Posted: Dec 4 2013, 03:31 PM
  Quote Post


Posts: 3,647
Thanks: 552


In Reply To: arty's post @ Dec 3 2013, 01:07 PM

glad I left this one alone, I might have another look if it reaches the teens.



--------------------


 
arty
post Posted: Dec 3 2013, 01:07 PM
  Quote Post


Posts: 12,268
Thanks: 2968


In Reply To: bam_bamm's post @ Nov 22 2013, 01:14 PM

QUOTE
A boost in the gold price should see SLR play catch up.


Unfortunately for gold bulls, that doesn't seem to happen - at least not short-term...

Attached Image


... that view is also evidenced by gold stocks, such as SLR, falling through all support levels.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
flower
post Posted: Dec 3 2013, 12:45 PM
  Quote Post


Posts: 12,640
Thanks: 1070


In Reply To: bam_bamm's post @ Nov 22 2013, 01:14 PM

QUOTE
SLR looks tempting at 57c. Hasnt quite rebounded like NST and other goldies


IMO SLR has a problem in that at Mt Monger its all in sustaining production costs are $A1030 and at their Murchison operation the same costs are $A1432, making an average of $A1231.

Today's sale price of gold in AUD is 1342.

Today's gross margin of $A111 to put it bluntly spells trouble with a capital T --again IMO.

Whereas NST has no debt, $50m in cash, and has all in production costs of $A996---gross margin of $A346 per ounce, and it still got slaughtered today.



--------------------
Combining Fundamental comments with Fundamental charts.
 


flower
post Posted: Dec 3 2013, 12:42 PM
  Quote Post


Posts: 12,640
Thanks: 1070


In Reply To: wren's post @ Dec 3 2013, 12:15 PM

oooooo



--------------------
Combining Fundamental comments with Fundamental charts.
 
flower
post Posted: Dec 3 2013, 12:42 PM
  Quote Post


Posts: 12,640
Thanks: 1070


In Reply To: wren's post @ Dec 3 2013, 12:15 PM

ooooo



--------------------
Combining Fundamental comments with Fundamental charts.
 
wren
post Posted: Dec 3 2013, 12:15 PM
  Quote Post


Posts: 2,759
Thanks: 528


In Reply To: bam_bamm's post @ Nov 22 2013, 01:14 PM

Is SLR any more tempting at 41 cents? Down 10% today.
Maybe some of these moribund Goldies will turn around,but the TA betting is that many will go away and quietly die. (as has happened many,many times in the past)

 
bam_bamm
post Posted: Nov 22 2013, 01:14 PM
  Quote Post


Posts: 3,647
Thanks: 552


SLR looks tempting at 57c. Hasnt quite rebounded like NST and other goldies. NCM is a different animal (which looks close to being put down at the moment puke.gif )

A boost in the gold price should see SLR play catch up.



--------------------


 
 


28 Pages (Click to Jump) V  < 1 2 3 4 5 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareScene.com, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING