In fairness, SLX have never, ever referred to Wilmington as anything other than an enterprise for enriching uranium, (previously to 5-7%, and recently up to 19.9%)
I don’t dispute anything you (Moosey) have posted, it is all interesting, but in any case my very clear recollection from the AGM is that Wilmington is definitely secondary to Paducah.
As to NPV, I think it is too optimistic to use possibilities that the company itself does not publicly acknowledge. Which isn’t to say it might not happen, only that an NPV becomes less rigorous the more assumptions are made.
On another matter, it would not surprise me if the GLE announcement re SLX’s acquisition of GEH’s is delayed, even though at the AGM,MG as much as said before Xmas (this year presumably!). Commentators’ curse, it’ll probably be tomorrow!
And finally, as to a takeover- I think a hostile t/o would struggle, but that begs the question doesn’t it. Just a random thought.
K
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