re-read mg's letter of 20th may, page-7

It is great to be back in Silex after a great many years. I never thought I would have had an opportunity to get back in under $2.00 let alone under $1.50. It is good to be back on Hotcopper too after about a break of about 4 years.

My take on the situation today:-

There are no buyers as barely anybody has even heard of Silex and if they did they would look at the chart and go nowhere near it.

There is probably an institution selling in order to trigger capital losses in the current financial year and maybe even for reasons associated change of owner and mandate etc mentioned previously.

The actual turnover of shares is next to nothing - 70k yesterday 330k today. Today's trades are not even 0.2% of the total shares on issue.

Then there is this call for an announcement from GLE. We are talking about negotiations worth hundreds of millions now and billions over the medium to long term, utilising classified technology, in a highly regulated market place. I dare say the announcement timing and share price concerns of Silex shareholders does not even rate a mentioned.

Now tell me - if estimates that the Uranium Enrichment Industry is to be worth $20B pa by 2030 - might it be possible that GLE with game changing technology could be supplying 50%. So $10B revenue per year. Of this let's say 10% is attributable in royalties to SLX and with minimal expenses. So SLX earns $1B per annum and growing, so P/E multiple of $17 may be reasonable, giving market cap of $17B. So with 170M shares on issue - this is a price of $100 per share. But more importantly for me - a $5 dividend per year.

A dream... perhaps. But the potential seems to be there. So assuming the GLE are not going to pull the plug on Silex technology - I dare say that we will not be trading at $1.30 for much longer.

Anyway, thanks for your posts over recent weeks moosey - very informative.