SLX 0.66% $4.56 silex systems limited

will ge get a loan guarantee for paducah, page-23

  1. 68 Posts.
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    How about this as another reason moosey -

    Silex's institutional investors are unhappy about the large delays in the commercialisation of laser enrichment as initial reports indicated a facility could be planneded as early as 2013.

    By your own admission, these delay's in the project mean a facility could potentially happen in 2018 at the earliest although there is no firm timeline.

    Because of doubts in funding, and no announced strategic partners for Solar Systems, Translucent and Chronologic these investors rightfully place pressure on MG because they are worried about where the positive cashflows are going to come from (this company has a burn rate of about one million, so every extra delay makes another cap raising a real possibility in future years).

    MG places pressure on GE, although has very few bargaining chips to play with because as alluded to by cgt2009 the company needs GE (this could have been helped by some sought of renewal clause).

    GLE believe they are going to use the technology at some stage although within their own time although to appease MG flick him the equivalent of quarter by bringing forward 5 million dollars in milestone payments.

    This is just speculation, but so is EVERY bit of value we all currently place in the company (I don't use the term every lightly). I'm an investor, although I'm just not drinking the koolaid yet.
 
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