will ge get a loan guarantee for paducah, page-26

Just to add my 2 cents while I twiddle my thumbs waiting for Paducah. At the AGM Nov 13 the what if GE drag their feet or don't go ahead question was ask .

Broadly and probably oversimplified, a "use it or we take it back clause" exists. (by another name, this is my understanding of which I'm reasonably confident) GLE is obliged to spend a predetermined amount of money on development of the tech per set ongoing periods of time . if they fall bellow this amount then slx can take back the license.

I think there is some kind of restriction on ownership of any gle imputs to the tech , but this wasn't discussed . What was said by MG were words to the effect that GE is well on track with development spend per the clause and very keen to see this commercialised. If for some unknown reason they changed their mind then MG felt Cameco were even more keen and would go it alone.

I agree that talk of loan guarantees and "use it or lose it" clauses are usefull to discuss as boredom relief only , as there is no meaning full info about on this stock to chat about for us SLX tragics while we wait . Obviously the share market is valuing SLX just above fancyfull rubbish at the moment . That said does anyone think that Obama would have put forward the energy policy that he did , which was anti coal and pro gas and nuclear, if he was planning to import nearly all the enriched uranium needed for the country ? I do believe that the US has concrete plans to again enrich all their own nuclear fuel for domestic use and trade when the market recovers, as it will . The only tech claiming to be superior to centrifuge still standing is SLX and the yanks have the exclusive rights to it . What better choice do they have ?