TSXV:SLX.P - Post by User
Comment by
husk16on Jul 28, 2011 12:03am
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Post# 18881467
RE: SHARES OUTSTANDING
RE: SHARES OUTSTANDINGDisappointed with the way things went today. Pre-Market looked so promising.
Normally I don't touch anything over 200 million o/s shares. Really only 100 mill or less.
BUT, SLX is a good buy IMO because they have a massive resource, and are now a producer.
SLX is being valued poorly even for an exploration company.
As long as management can execute on increasing production another 50% by the end of this year and no other hicups, the share price should gradually go up.
Not sure why SLX has been in the penalty box in 2011? Only thing I can think of is the cheap paper from the financing to get the mine back up and running.
Hopefully Dines' followers will keep buying and get the SP moving.