Ann: Concise Full Year Accounts - 30 June 2016-SLX.AX, page-2

OK, I'm overly biased, stupid, mad or some odd combination of the lot. How's this SLX data from the concise report (generalised):

170 million shares outstanding
$55 million cash (and equivalents)
$0.323c cash back each share which can be purchased for $0.300 right now.

But wait there's more!

Only 1.5 million options out there with an exercise price 0f $2+ expiring in December 2016. So no problem with dilution.

But wait, there's more!

Cash burn at present looks to be about $7 million per annum. So if nothing happens then we have cash for another 7 years without having to raise capital.

Those longer term holders will remember SLX doing a capital raising at about $7.60. Wow, how good was that in hindsight. OK, some deals have fallen through over the last few years and this is a slow burn industry. Plus we've had industry pressures which have scuttled nuclear fuel in general, and SLX has been unnecessarily caught up in that.

Yes, I'm a parochial holder, but for those that are well researched into this stock, it really is a no brainer. Might take a while (or not), but I'm a very patient man at these prices