Thoughts on Silex Systems (SLX)
Hi Team, what are you current thoughts around SLX since dropping recently to $3.23? What was the reason for this and is it a buy here ?
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Answer
Hi Scott,
Silex has drifted lower since briefly trading above the February capital raise price of $4.05/sh. Patience will be key in this position, they have a huge opportunity and works to build a pilot plant to demonstrate their laser enriched technology is underway. Catalysts will drive performance in the stock from here, and there just hasn’t been any in the last few weeks. Overall, we like the technology with the company at the forefront of reducing reliance on Russia for enriched uranium which should see them well supported by the US Government. We believe there will be a number of catalysts to support shares in the second half and into 2024 and would look to average into our position ~15% lower.
