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cameco Q2

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    Cameco has been a good source of info on slx over the years . Heres a brief extract from their q2 results that mentioned the majority holder (GE) in GLE's decision re slx. The conference call transcript will be out soon so i will post anything relevent to SLX when it comes out .
    At last years SLX AGM Cameco was described as an enthusiastic partner in GLE .
    Note that Cameco infers that it was GE's decision to pull back on slx.

    "In July 2014, a decision was made by the majority partner of GE-Hitachi Global Laser Enrichment (GLE) to significantly reduce funding to GLE. In accordance with the provisions of IAS 36 Impairment of Assets, we consider this to be an indicator that our investment in GLE could potentially be impaired and accordingly, we are required to estimate the asset's recoverable amount. We are in the process of evaluating how our investment in GLE will be impacted as a result of this decision. The carrying value of our investment in GLE at June 30, 2014 is $165 million (US).
    Uranium market update"
 
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