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moosey

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28/11/14

10:16

Post #: 14369981
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Originally posted by iceman101 ↑

SK

I for one agree with you are saying and believe the company made the right decision in July 14 to drastically cut costs and keep the gun powder dry until there is more certainty about commercialisation of the Silex technology BUT … there is zero justification for MG to be on over $1M anymore (if it was previously justified). He should appreciate that if the company is going into a semi-hibernation mode that he should be on closer to $400k per year which would be justified based on his expertise and corporate knowledge. This is a no brainer to me and I am surprised / disapointed that he hasn’t done this already.

I am expecting a significant spike on positive announcement with respect to Paducah and also expect Wilmington to come back in action in 12 months (in line with a ramp up of the entire nuclear industry). Nuclear power is definitely coming back in to fashion (by way of an example I see Turkey has added to its orders). In two years time, my prediction is everyone will be blown away that the share price this low and they didn’t seize the opportunity.

CARPE DIEM!!!!

I am the Iceman!

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I agree with your sentiments Iceman, about MG taking a pretty big pay cut, and I also reckon you may be right might be right about the price spike, but not for the reasons you gave.

I also believe in "CARPE DIEM", sieze the moment, you only live once.

SLX Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
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