Ann: Notice of Annual General Meeting/Proxy Form-SLX.AX, page-13

I think it is safe to assume a new letter will be sent when the company restructures.

Tell me, how much do Cameco currently value their interest in GLE at? It will be in their financial accounts but this will help.

The biggest hit to the company's bottom line was a $184-million charge related to its investment in GE-Hitachi Global Laser Enrichment in North Carolina.

Cameco had warned in July that it might need to write down the investment after GLE's majority partner decided to reduce funding to the operation, which was being developed to process fuel for commercial nuclear reactors.

http://www.cbc.ca/news/canada/saska...oss-revenue-down-from-year-ago-mark-1.2816924

Companies aren't emotional like you and me M. They simply look at where they are and the strategies for going forward.

GEH and Cameco realise that Fukki destroyed the value of GLE, plain and simple. They also realise that unless Paddy and/or Willy go ahead GLE is worthless, because SLX own the rights to the technology (how I love you MG!).

This is why Silex and the new investors will pick it up very cheap relative to the sunk costs. This however doesn't mean it is a good investment for the new investors (which is why I am guessing GEH want out in a strategic sense).

But I think GLE is a great investment and I am...

SirKnight.