Slikk,
You really have no idea, do you. The biggest pity with SLX is that it is now potentially within reach of some daytraders.
At 39.5c, SLX has >31c per share in cash. Is that why you so craftily chose 31c as your point of assessment for tax loss selling purposes?
Also, tax loss selling means nothing to any person who is a trader, as they do not need to sell in order to crystallise a position for tax purposes. So, presumably, your appeal to the masses is to the mum's and dad's out there, most of whom would not actually know anything about this particular stock, or if they do, have only inveted a small amount.
With 132m shares on issue, >66% are held by the Top20 (ie: >82m shares, in all).
At 19th September, SLX had 5,587 shareholders in all, of whom ~4,200 held <5,000 shares, and a further 697 <10,000 shares.
Some people, sell. Others buy. Others still, hold. Some, like myself, accumulate and hold.
Currently, SLX has NTA of 38c, available franking credits of a further 4c, and a near zero valuation of any of its technology opportunities, only one of which needs to succeed in order for the Company to become a seriously valued proposition.
There is also a difference between financing partners who provide collaborative support in R&D venturing - this is what Westinghouse, Sumitomo and others are doing, and what USEC was doing - and comemrcialisation of those activities - and drawing a distinction between self-development, and licensed development.
Your comments, however, seem to support USEC in that USEC was entitled to allegedly breach a contractual commitment by unilaterally withdrawing from a collaborative funding position.
Imagine if you did the same, or if the same occurred to you. There would be hell to pay, wouldn't there?
USEC had its own commercial reasons for withdrawing, including its own cashflow issues. But, of course, you knew all about that, didn't you.
One of the reasons why the majority of my Australian investments are now in private, early stage, unlisted companies, is because of people like you - little knowledge, but with much to say.
By the way, when earlier today I said that I no longer traded in SLX, that meant that my investment in SLX was now locked away for the medium-term, as I now have my required number of shares for the future.
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