Shumsta - but SLX and "western U producers"are doing different things? GLE is an "enricher" and possibly the only comparable company is Centrus whose SP went up ~7% on 11/9 and came down slightly yesterday (in the USA). SLX has followed a similar pattern (but went up a bit more yesterday). Centrus and GLE are however very different companies and SLX is different again (it has stable isotope separation as well) and owns the IP of LIS process). Centrus also has US$174m debt but does have +ve cash flow from its uranium broking business. The only place where GLE is a potential "producer"is for opportunity 1 which is processing Paducah tails (i.e 5Mlbs/yr UF6). Other parts (and likely to be the most profitable) will be enrichment (opportunity 2) with 6MSWU/yr of LEU enrichment where the 16 centrifuge HALEU facility (at Centrus in Piketon) is owned by the DoE and operated on a "cost plus" basis (low risk but usually not very profitable - your selling "man hours").
Urenco and Orano (including Framatome) are not quoted (Urenco is largely government owned (UK/Holland) and Orano/Framatome wholly French government owned).
I do agree however that the market tends to lump SLX in with "western U producers" but that's just sentiment (SLX is actually classified as "technology")
SLX Price at posting:
$3.62 Sentiment: Buy Disclosure: Held
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