Without the cash backing and IQE shares, SLX would be at 2 cents, not 20.
Even at 20 cents we are below our easily monetised NTA. We’re even under USEC’s market cap.
I still hold and I still hope for some form of arrangement that will lift the share price. But I do not think conspiracy type corporate shenanigans are somehow manipulating the share price. Occam’s razor would rather conclude that GE stuffed up and most shareholders have little or no faith in SLX’s management ability.
K
SLX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
