My view as conveyed previously is that the market misunderstood the announcement on 24th July and overreacted triggering stop losses, short selling and margin calls. The share price should never have got to 50c especially in light of the 40c per share cash backing. So this pump as you put it is a correction to where it should have been already. I form this view on the basis that the announcement on 30th June effectively said the same as what was conveyed on 24th July eg target for commercialisation would be 2019 and that Wilmington would not proceed until market conditions were positive. The only real difference of the 24th July announcement is that a couple of satellite offices and a dozen contractors were let go. After 30th June announcement the share price stayed between $1.10 - 90c hence why it is back to that level now. There may be an element of positive speculation about Paducah which if successful effectively locks in commercialisation for the technology due to the obligations it would then have to DOE. I can't see the SP below $2.00 if the Paducah negotiations are successful.
I am the Iceman!
SLX Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held
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