USEC bailed due to their financial problems and this was evident by the fact that they did so just prior to a royalty payment being due. Somehow i think that GE wont be subject to similar constraints. The fact that GE are willing to pay $4 per share indicates that we are in serious oversold territory. SLX will bounce and bounce strongly. At the current sp, you buy now and watch your money grow at a rate of 30% pa IMO.
The nuclear enrichment industry is a 5 billion/pa industry at present expected to grow to 20b/pa and it is anticipated the GE will have a market share up tp 50%. Due the sums based on a 7-12% royalty payment on revenue to SLX. Lots of zeros in that equation. Then add to that the Translucent business and the potential it offers. The mind boggles.
Today the sp fell from 380 to 340 on pidly volume of 95,000. Stop losses being triggered and sheep trampling over themselves to get out. Culled some more today at 312 for the retirement fund.
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Last
$3.82 |
Change
0.410(12.0%) |
Mkt cap ! $906.2M |
Open | High | Low | Value | Volume |
$3.70 | $3.85 | $3.70 | $2.622M | 692.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $3.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.83 | 4154 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 3.790 |
1 | 3291 | 3.780 |
2 | 3246 | 3.770 |
4 | 8774 | 3.760 |
2 | 7456 | 3.750 |
Price($) | Vol. | No. |
---|---|---|
3.830 | 4154 | 1 |
3.850 | 15933 | 3 |
3.860 | 2456 | 1 |
3.880 | 2456 | 1 |
3.890 | 2456 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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