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$5.28 silex systems limited

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whytee

16,650 Posts.

2375

08/07/24

14:54

Post #: 74655948
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Originally posted by shumsta ↑

I'm surprised that U stocks are being down rated by a lower spot U price in the current circumstances. Obviously the Russian U ban has been signed into law but is not in effect for US utilities right now. Common sense would say that Russian U producers and enrichers are going to be selling whatever they can while they still can, so the spot U price isn't going to be shooting up in the immediate future. BUT the fundamentals haven't changed, so a higher U price over the medium to long term is a racing certainty.

Personally, I think that the current pullback is a perhaps the last opportunity for investors in the sector to make really massive returns. Once the U price is north of $140 I think that the lions' share of profits in the sector will have already been made (for reference, the last time the U price went above $140 our SP went to $12 despite us being far behind where we are today).

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Well if the pilot plant is successful then investors in Silex should be onto a good long term investment

SLX Price at posting: $5.01 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $5.28		Change 0.340(6.88%)		Mkt cap ! $1.253B

Open	High	Low	Value	Volume
$5.14	$5.31	$5.06	$3.960M	763.4K

Buyers (Bids)

No.	Vol.	Price($)
9	1629	$5.27

Sellers (Offers)

Price($)	Vol.	No.
$5.28	3460	25

View Market Depth

No.	Vol.	Price($)
12	5126	5.270
18	9120	5.260
9	9690	5.250
7	4339	5.240
9	7842	5.230

Price($)	Vol.	No.
5.280	1580	19
5.290	7053	24
5.300	25769	17
5.310	8412	11
5.320	11148	11

Last trade - 14.05pm 11/07/2024 (20 minute delay)

SLX (ASX) Chart