on a serious note, page-17

Guys, GE does not need to say 'it works'. In fact, the only time they will specifically NEED to state anything in the next 2 years is if it does not work and they are ceasing trials. There is NO aspect associated with GE 'stalling' to delay payment. If you read the SLX annual report, on p 16 it says the next payment of "US$15M upon successful COMPLETION of the test loop AND Lead Cascade licence." On p 5 they state approval for the lead cascade licence will take an "NRC's estimated 30 month application review process officially began on August 17 [2009]". This means the licence, if granted, will likely fall due around Feb 2012. On p 24 SLX states this payment is "likely to be in the 2012 timeframe". Bottom line, no stalling necessary from GE in order to save $. GE has got 2 years to play with the process, and if they're smart they'll use as much of it as they need to completely satisfy themselves of the benefits.

If you read the recent SLX interim report, they have changed the way they write things. Whereas before they made December 2009 (now March 2010 or so) sound like the definitive go/no go decision, their most recent report does not imply that. They talk about continued testing beyond 6 months (I banged on about this in the past as to why did they limit it to 6 months). In other words, they have 2 years to further firm up the process. An announcement in the near future can AT BEST state that things are looking great and further refinement is being undertaken. Based on previous announcements, we may only get something more guarded, like "it's looking promising, but lots more validation to do".

What I'm trying to say is people who expect a definitive 'YES, we'll do it' from GE in the next month or three will be sorely disappointed. And it is those optimists that could therefore easily sell and bang the price down another $1-2, all because of unrealistic expectations. And I don't want that!