If the SP drops 50%, it needs to increase 100% to recover.
Up until around 24/4, the SP had been trending down in line with the U market. I believe the downtrend then accelerated in the lead up to end EOFY tax loss selling. I normally use the last 2 months of the FY to establish positions in beaten up stocks in the hope of a new FY recovery. I probably wasn't the only one.
So $2 down to $1 - a 50% loss and a 100% gain if/when a recovery occurs. Unfortunately, the bet didn't pay off and the SP dropped another 50%. I probably wasn't the only one NOT expecting that.
So $2 down to 50c - a 75% loss and a 200% gain if/when a recovery occurs.
The current bounce is just a restoration of the elastic band that snapped after SLX's GLE announcement. That elastic band should still have enough tension to pull the SP up much further.
I don't currently believe the SP will make it back to $2 in the absence of a positive Paducah announcement in the short term.
I also believe the GLE slow down in relation to SLX technology development relates to actual scale up to full size units. Remember the test loop at Wilmington is half scale. I think they are confident that technology hurdles are sufficiently de-risked such that they can slow down to the pace of U market recovery. That means they can go fast or slow as required and there will be no technology road blocks that would impact their pace.
A positive Paducah announcement would mean the SLX technology will be deployed in a known time frame and that a revenue source is secured.
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Last
$4.15 |
Change
-0.140(3.26%) |
Mkt cap ! $988.1M |
Open | High | Low | Value | Volume |
$4.29 | $4.29 | $4.12 | $2.207M | 528.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11715 | $4.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.18 | 134 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11715 | 4.120 |
2 | 2122 | 4.110 |
2 | 1400 | 4.100 |
1 | 400 | 4.060 |
1 | 1000 | 4.030 |
Price($) | Vol. | No. |
---|---|---|
4.180 | 134 | 1 |
4.350 | 346 | 1 |
4.360 | 500 | 1 |
4.380 | 1089 | 1 |
4.390 | 500 | 1 |
Last trade - 16.10pm 07/07/2025 (20 minute delay) ? |
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Glen Diemar, MD
Glen Diemar
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