The charts may not signal a bottom but ultimately fundamentals will prevail. There has been no change in fundamentals since the sp was $13, other than more good news. IMO, the sub prime credit squeeze is irrelevant to SLX, with major capital expenditure not forecast for several years (by which time sub prime will be a distant memory). Recent events in Australia such as the election of nuclear luke warm Rudd government are also irrelvant as there was never any intention to build a nuclear enrichment capability there anyway.
Some people just seem to forget that SLX laser U enrichement is quantitatively cheaper than second generation centifuge technology and with massive barriers to entry (ie the French spent over a billion dollars and failed).
Apologies for ramping but sometimes it just gets a bit irritating when the obvious seems to be being ignored or forgotten.
SLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)