SP, page-17

I'm in such a pickle with SLX.

I want to get out now and just move on but 48c is the basket case price fro the stock which really isn't that far away with any potential news fro the upside.

The issues are however:

1. We all know that the U market is in oversupply and 10+ years away from recovery, all the research I have posted before shows this clearly.
2. A lot can happen in 10 years and I doubt SLX can last that long with the cash on hand
3. GLE will not save SLX and if they fold or fall to lower SP GLE would just buy the scraps (So the longer they delay the better for them) Although I don't see that as a play by GLE. I do believe that the market just doesn't make such investments worthwhile right now thus GLE have put it on hold - basic economics.
4. We have NO IDEA what is required to get any of the other projects near a point that could bring in income. Other than Chronologic, but that OEM deal has been talked about for so long its not funny and now the website says it all - " July 2014, ChronoLogic ceased operations at its premises in Adelaide"
5. MG has made too many empty promises for any serious investor to believe now, talking to friends at large investment houses they all state "Silex is 100% OFF all radars" . Mainly due to the recent news but also concern about the lack of trust in the board. I do believe that in the Quarter just pasted there was to be an update on investments/partnerships with more by the end of the year. I know it takes time and you cant run these things by dates, we all know this so why give empty promises? If you give a date then at least update investors on the date saying "still working on it".
6. The biggest issue I have with it all is the bad management. Stupid purchases, stupid salaries, stupid share bonuses. If you are running the ship you should know that the U market is going into massive oversupply and get actions plans in place WAY BEFORE the pull the pin on you.
7. I'm concerned that to this point there has been no news on ANY possible investment/partnerships. Could it be that these products are nowhere near the point to seek such investment? How are we to know???

Please feel free to correct anything with FACTS not just your thoughts.
Right now I am trying to be honest with my holding in SLX, I want to hold till the next update but as I have learnt before with SLX if the price is dropping then someone knows something and bad news is not far away....