I had a look at this stock on the suggestion of another poster. SLX main business is concentrating uranium for the nuclear industry. The current process which is used in 80% of facilities is 70 years old. SLX has been developing a new process which is being trialed in the US.
I can't recommend one way or another read all the posts that are related to this stock.
What interests me is that it is coming off an all time low of 30 c to now be 65 c. The price has been as high as $13.00 10 years ago.
From the FS it is carrying $3.5 mil in cash. The RP is -185 mil, so they spent up big in developing this process.
It is associated with a lot of heavy hitters in the US
DYOR
SLX:Worldly Wise
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Last
$5.33 |
Change
0.260(5.13%) |
Mkt cap ! $1.262B | |||
| Open | High | Low | Value | Volume |
| $5.12 | $5.33 | $5.01 | $4.811M | 914.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 336 | $5.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.34 | 1698 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SLX (ASX) Chart |