I agree and said so back then, someone knew this was coming IMHO.
But I wasn't against a cap raise as such if it were for the right reasons, i.e. if it were to help fast track Wilmington then I am all for it.
The SPP part is the bit that intrigues me, I like SPP's, as it is a way to compound your wealth, sometimes companies that pay dividends use SPP's to help them retain any dividends paid to shareholders.
Let's consider what PAC partners said-:
"In January 2021 SLX earned the right to 51% of Global Laser Enrichment (GLE), and can now secure the approval for the Paducah uranium mine.
SLX has an option to sell 26% of its ownership of GLE to Cameco at any time from Demonstration Plant to Paducah design and construction.
We assume the sale will be done in 2025 for US$203m. This is a 50% premium to the US$125m paid for 24% of GLE in 2008, when GLE did not own the Paducah Tailings for a 30 year mine of 5.2mlb U308 with approval. We assume this sale allows SLX to pay a A$65m dividend, fund its 25% of the Paducah Mine, and pitch for other uranium enrichment projects."
If that happens? then SLX could actually retain a lot of the dividends paid to shareholders if they had an SPP, that would be good for SLX and good for shareholders too who wish to partake in an SPP, I know I would because it can allow for compounding growth of any dividend paid without brokerage, I have done similar before and it is very rewarding let me tell you.
So depending on whom the placement is made to? then we could be on our way at long last.
Reinvesting dividends in the company is a really good thing in my opinion and one I would support myself.
