SLX 2.99% $4.83 silex systems limited

re-read mg's letter of 20th may, page-15

  1. 1,317 Posts.
    lightbulb Created with Sketch. 136
    SLX was still trading around under the one dollar mark way back around 2002 after usec threw them away for nothing, and slx found themselves back at Lucas height with no backers and a rejected bench top technology .

    Today at $1.25 SLX , after 6 years of succesfull test loop demonstration, have GE, Hitachi and Cameco (like the dream team of nuclear)as of this minute promoting , negotiating billion dollar deals with the US govt and spending hundreds of millions on development. They're designing ,building and testing full scale slx commercial lasers and process gear just to have the rights to spend another billion dollars on a plant , should it be successfull. The Aussie share investor thinks this has added about 20 odd cents value to the share price.

    All this progress ,the market has added 25 cent value to the share price ? Undervalued ? You think ? Sir Night well spotted sir .

    SLX may succeed or fail, but I think the price considering risk for return is way undervalued
 
watchlist Created with Sketch. Add SLX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.