Ann: Silex AGM Presentation - 2015, page-2

30 MONTHS - giveaway on Translucent, what happened to we are so close with this product??!? WOW, all faith lost now with MG... Although it was lost a long time again I must admit.

"Medium to long term outlook for the global nuclear industry suggests a return to growth and recovery in the nuclear fuel markets, but timing for new enrichment capacity remains uncertain" So enrichment is extremely long term 10-20 years??? "Phase III Construction of the first full-scale commercial production facility - To be confirmed"
To be confirmed in 10-20 years?

GLE and Silex continue to support the SILEX Technology commercialisation program, albeit at a reduced pace in line with adverse short term market conditions - Meaning 10-20 years?

Timing for the commencement of commercial production remains uncertain, dependent primarily on the outcome of Phase II work (economic validation) and market conditions. Silex believes the long-term fundamentals for nuclear are very positive. Meaning 10-20 years?

$50M being depleted by $3m a year, where is the new incoming going to come from that can turn the SP around? Paducah plant, what return value and how many years before they see a $ for that? 10 years?

No wonder the SP is flat after today.... Good luck holders you would get better returns in the Bank at 2.5% cash rate