Share price, page-46

I tend to agree scaggs.

Whilst SLX has great potential, I am currently having a hard time trying to value them. I would suggest that a lot of investors, both potential and existing, are having the same problem. Which, IMVHO, is the reason why the SP has slipped badly since mid January, and also the reason why I sold 50% my SLX holding at A$1.50 about six weeks ago, and more recently another large parcel at A$1.25.

In addition to the problem of valuing SLX, there is also the matter that their projects are of a medium to long term nature i.e. short term success is highly unlikely. Which brings with it the likelyhood that SLX will have to raise cash to bridge the gap between now and when their projects actually begin to earn serious money,

Unfortunately, on top of all this, there is also the slight risk that SLX's technology may not be deployed at all i.e. cheaper or more socially acceptable alternatives may be developed which may render SLX's technology obsolete. For instance, Hydrogen, which is definitely the flavour of the month.

Whilst I remain a big fan of SLX, caution is warranted, and investors will need to be very very patient.

Cheers.