Since suggesting you Take Part Profits in Silver Lake Resources: Profits and prophecy on 17 Nov 11 (Take Part Profits - $3.59) Silver Lake’s share price has fallen 13%. It’s hard to identify a trigger for the fall. Newly released drilling results suggest there are considerably more resources at the Murchison project. The company should be able to count 14 open pits, 4 underground deposits and over a million ounces of gold when production begins in 2014. Perhaps light volumes, high expectations or simple fear are responsible for the swift share price fall. Whatever the reason, it's enough to warrant an upgrade to HOLD.
Note: The Growth portfolio owns shares in Silver Lake Resources.