Silverlake Resources – Buy the Dip

ASX:SLR} has rallied 70% since we identified the Algo Engine buy signal back in September last year.

SLR 2H19 net profit rose to $44mn from $4mn the year prior. EPS of $5.35 was up from $0.78¢ and revenue rose to $258mn. 
Gold production almost doubled to 132,000 ounces during the 2H20 and FY20 sales guidance increased to 240,000 – 250,000 ounces.
Buy on a dip back the $1.50

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