Price recently fell away from highs but buyers starting to soak up the pressure

Potential Buy Entry Alert to Watch SLR

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $634.08 Million Market Cap, VWAP 0.78, ASX Ranking 300, 4 Week Av Turnover $3,337,942, Current Turnover (Intraday as at time of alert) $1,417,013.

Company Overview : Silver Lake Resources Limited (SLR) is a gold producing and exploration company with resources in the prospective regions in Western Australia. SLR currently focusses on its flagship project – Mount Monger Operation.

Broker Consensus : BUY/HOLD

SLR – Silver Lake Resources Limited

SLR has been good to us in the past and now is in a prime position to fire again. With Gold in Aussie Dollar terms still going strong, we expect to see buyers coming into to the Gold producer for continuation higher. Buyers stepped in around the 0.72 mark so we are watching now for a higher low above this level for confirmation that buyers are pushing price higher.

Stock Code : SLR – Silver Lake Resources Limited

Company Website : www.silverlakeresources.com.au

Current Price : 0.79

Status : On watch for potential higher low and move up through 0.90