SLX 3.26% $4.12 silex systems limited

Agree with those who believe the market has already written off...

  1. 1,340 Posts.
    Agree with those who believe the market has already written off any value in Silex Solar so anticipate a small dummy spit and then a recovery back to the current low values. Personally, I have doubted the wisdom of the Silex foray into Solar ever since discovering the reason BP closed their Home Bush plant in the first place was lack of economies of scale. The writing was on the wall with the remaining Silex solar assets after the election of the anti-renewables energy current government.

    What now, apart from waiting for nuclear enrichment industry to turn around, which may not be for a while if President Clinton II is elected? Well, here's an idea. Seeing we have a Government that is stupidly in the business of picking winners in the energy sector, why don't Silex approach the Government to see if they are prepared to support the building of a GLE plant in Australia? We have the expertise, the security, the political stability, the uranium feedstock and the proximity to emerging nuclear markets of India and China. South Australia might be best, with high unemployment and under theat from a declining naval construction industry (they really need it). Let' put this in perspective and compare the cost of a Silex plant to replacing the Collins Class submarines. Government predictions in 2014 estimated total costs from A$20 to A$80 billion for 12 submarines, depending if they were built here or overseas. How many silex plants could be built for a tiny fraction of that amount and what would we get ? Potentially sowing up the world market for enriching uranium (and if we were sensible we would close the loop with nuclear waste disposal too) as well as mining it. Who knows, maybe Olympic Dam would now become feasible and while we're at it, when will we get real about climate change, decommission our dirty brown coal fired plants and replace them with nuclear power plants.

    Anyway, back to "dream'n"
 
watchlist Created with Sketch. Add SLX (ASX) to my watchlist
(20min delay)
Last
$4.12
Change
0.130(3.26%)
Mkt cap ! $975.9M
Open High Low Value Volume
$3.98 $4.14 $3.97 $1.177M 288.3K

Buyers (Bids)

No. Vol. Price($)
1 383 $4.11
 

Sellers (Offers)

Price($) Vol. No.
$4.13 2436 1
View Market Depth
Last trade - 16.10pm 21/08/2024 (20 minute delay) ?
SLX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.