Management may have been surprised by the sudden turnaround in share price with the Capital Raise.
There are several items of news that maybe released in the next few weeks. They would NOT be breaking ASX listing rules to extend the Capital raise for a few weeks with anticipation of news release. They really have no downside.
Good news = Full capital raising Bad news = Capital Raise similar to now
Of course this is only speculation but the Silicon Enrichment plant is expecting news anytime, that nay give things a boost ----------------------------------------------------------------------------------------------------------- • Ongoing Stage 3 tests are focused on optimising throughput and economics of the process and are anticipated to be completed early in CY2023 -----------------------------------------------------------------------------------------------------------
and their also may be news on the Uranium Front from the US Government
Bocky71 MGAS
SLX Price at posting:
$3.90 Sentiment: Buy Disclosure: Held
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