moosey - if Paducah come off for GLE, then SLX is set. However,...

moosey - if Paducah come off for GLE, then SLX is set. However, an outright negative result will be devastating.

Even if LIS does make sense, this does not mean it will happen, there are risks abound.


Only a couple of months ago, this is how Cameo viewed the progress of GLE.


"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."


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


If GLE was onto something, a partner would not be flagging a write-down. Under GAAP-IFRS including various listing rules, providing misleading guidance is against the law.

If I had to decide between the accuracy of a minority partner in GLE and a mad scientist flogging experimental technology, I know who I would back.

Once again, take note of my sentiment. Another 5% drop and I am a buyer, but for a high-risk, medium term punt. Just trying to share an objective view, at least from my vantage point.