Well I think anyone would be happy to pick up a company like Renergen for like US100m with future ebitda projections of about US335m in about 3-4 years time. US750m in loans secured (250m Standard Bank) to get there underpinned by US500m with US Govt congress approval for a US DFC loan. Yes it's struggled due to mainly the poor decision of selecting a small outfit to build their small pilot plant for lng and liquid helium which led to issues rather than the likes of a Linde or Air Products etc.. they'll use for the much larger next phase. Opportunistic shorters of Renergen smoked as it rebounded from R3 to R12.5 in about the last 10-12 weeks.on the JSE.
Anyway the QLE potion of ASPI doing HALEU and Lithium-6 etc.. is expected to spin off into a separate public company. From what I understand the US is a major trading of South Africa who supply to the US a host of critical minerals. So regardless of political bluster behind the scenes they are critical trading partners for each other.
Nuclear gaining traction so opportunities for companies able to deliver going forward be it SLX or others.
SLX Price at posting:
$3.56 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)