Silver Lake Resources
Recommendation
Silver Lake Resources Limited -
SLR
Buy
below 2.50
Hold
up to 3.50
Sell
above 3.50
HOLD at $3.11
Current price
$1.24 at 16:40 (28 March 2024)
Price at review
$3.11 at (20 December 2011)
Max Portfolio Weighting
3%
Business Risk
Very High
Share Price Risk
Very High
All Prices are in AUD ($)
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.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
Silver Lake Resources Limited -
SLR
Buy
below 2.50
Hold
up to 3.50
Sell
above 3.50
HOLD at $3.11
Current price
$1.24 at 16:40 (28 March 2024)
Price at review
$3.11 at (20 December 2011)
Max Portfolio Weighting
3%
Business Risk
Very High
Share Price Risk
Very High
All Prices are in AUD ($)
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